37,328 Shares in Lineage, Inc. (NASDAQ:LINE) Purchased by GSI Capital Advisors LLC

GSI Capital Advisors LLC acquired a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,328 shares of the company's stock, valued at approximately $2,186,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Lineage during the 3rd quarter valued at $12,542,000. Principal Financial Group Inc. bought a new position in shares of Lineage during the 3rd quarter valued at $173,115,000. Renaissance Capital LLC lifted its stake in shares of Lineage by 25.6% in the 4th quarter. Renaissance Capital LLC now owns 83,446 shares of the company's stock valued at $4,887,000 after purchasing an additional 16,990 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Lineage by 10.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 602,803 shares of the company's stock worth $35,306,000 after buying an additional 57,302 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Lineage during the 3rd quarter worth about $131,875,000.

Lineage Stock Performance

NASDAQ:LINE traded down $2.03 during trading hours on Monday, reaching $52.32. The company had a trading volume of 467,399 shares, compared to its average volume of 987,423. The stock has a 50-day moving average of $58.30 and a two-hundred day moving average of $63.84. Lineage, Inc. has a one year low of $50.23 and a one year high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07.

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Lineage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Monday, March 31st.

Analyst Upgrades and Downgrades

Several brokerages have commented on LINE. Morgan Stanley lowered their price target on Lineage from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Citigroup assumed coverage on shares of Lineage in a report on Friday, March 28th. They issued a "neutral" rating and a $64.00 target price on the stock. BNP Paribas assumed coverage on shares of Lineage in a report on Tuesday, January 14th. They set a "neutral" rating and a $61.00 price target for the company. The Goldman Sachs Group lowered their price target on Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Finally, Mizuho cut their price objective on Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $79.67.

Insider Buying and Selling

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of Lineage stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the acquisition, the chairman now directly owns 24,317 shares of the company's stock, valued at $1,471,178.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Lineage Company 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.