Cbre Investment Management Listed Real Assets LLC Boosts Stock Position in Lineage, Inc. (NASDAQ:LINE)

Cbre Investment Management Listed Real Assets LLC grew its position in Lineage, Inc. (NASDAQ:LINE - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 602,803 shares of the company's stock after acquiring an additional 57,302 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.26% of Lineage worth $35,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. US Bancorp DE purchased a new position in shares of Lineage in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in shares of Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after purchasing an additional 448 shares during the period. Larson Financial Group LLC purchased a new position in shares of Lineage in the 3rd quarter worth approximately $34,000. Stifel Financial Corp purchased a new position in shares of Lineage in the 3rd quarter worth approximately $211,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Lineage in the 3rd quarter worth approximately $226,000.

Insider Transactions at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of Lineage stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the transaction, the chairman now directly owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank of Canada dropped their price objective on Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday. BNP Paribas assumed coverage on Lineage in a report on Tuesday, January 14th. They set a "neutral" rating and a $61.00 price objective for the company. Scotiabank dropped their price objective on Lineage from $76.00 to $73.00 and set a "sector outperform" rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on Lineage from $89.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 17th. Finally, Robert W. Baird dropped their price objective on Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $82.00.

Lineage Stock Performance

Shares of LINE traded up $0.26 during trading hours on Friday, hitting $61.26. The company had a trading volume of 1,205,781 shares, compared to its average volume of 989,181. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a one year low of $52.75 and a one year high of $89.85. The company's fifty day moving average price is $57.91 and its two-hundred day moving average price is $67.75.

Lineage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, December 31st.

Lineage Profile

Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.