Easterly Investment Partners LLC Takes Position in Lineage, Inc. (NASDAQ:LINE)

Easterly Investment Partners LLC bought a new position in Lineage, Inc. (NASDAQ:LINE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 77,825 shares of the company's stock, valued at approximately $6,100,000.

Several other hedge funds also recently bought and sold shares of the company. US Bancorp DE bought a new position in shares of Lineage during the 3rd quarter valued at about $25,000. Spirit of America Management Corp NY bought a new position in shares of Lineage during the 3rd quarter valued at about $165,000. Amalgamated Bank bought a new position in shares of Lineage during the 3rd quarter valued at about $255,000. Perpetual Ltd bought a new position in shares of Lineage during the 3rd quarter valued at about $324,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of Lineage during the 3rd quarter valued at about $380,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Evercore ISI decreased their target price on shares of Lineage from $88.00 to $78.00 and set an "in-line" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lineage in a research report on Monday, August 19th. They set a "hold" rating and a $90.00 target price on the stock. Truist Financial assumed coverage on shares of Lineage in a research report on Monday, August 19th. They set a "buy" rating and a $94.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Lineage in a research report on Monday, August 19th. They set an "overweight" rating and a $93.00 target price on the stock. Finally, KeyCorp assumed coverage on shares of Lineage in a research report on Monday, August 19th. They set an "overweight" rating and a $92.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lineage presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.50.

Lineage Stock Performance

Shares of NASDAQ:LINE traded down $0.76 during trading on Friday, reaching $67.32. 1,265,476 shares of the company were exchanged, compared to its average volume of 1,439,928. The business's fifty day simple moving average is $78.01. Lineage, Inc. has a 12-month low of $66.94 and a 12-month high of $89.85. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10.

Lineage Announces Dividend

The business also recently announced a -- dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, September 30th.

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.