Lineage, Inc. (NASDAQ:LINE) to Issue Quarterly Dividend of $0.53

Lineage, Inc. (NASDAQ:LINE - Get Free Report) announced a quarterly dividend on Tuesday, March 18th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.5275 per share on Monday, April 21st. This represents a $2.11 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Monday, March 31st.

Lineage Stock Down 3.2 %

Shares of LINE traded down $1.90 during trading hours on Friday, hitting $58.40. 1,033,615 shares of the company were exchanged, compared to its average volume of 1,283,889. The firm's 50 day moving average is $58.23 and its 200-day moving average is $65.54. Lineage has a 52 week low of $52.75 and a 52 week 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.

Insider Buying and Selling

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

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Analyst Ratings Changes

LINE has been the subject of several recent analyst reports. Mizuho decreased their price target on Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut Lineage from an "overweight" rating to a "neutral" rating and cut their price target for the company from $78.00 to $75.00 in a report on Friday, December 20th. Robert W. Baird cut their price target on Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Scotiabank increased their target price on Lineage from $73.00 to $74.00 and gave the stock a "sector outperform" rating in a report on Monday, March 10th. Finally, Piper Sandler dropped their target price on Lineage from $90.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued 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 a consensus price target of $82.06.

About Lineage

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.