Lineage, Inc. (NASDAQ:LINE) Given Consensus Rating of "Moderate Buy" by Analysts

Lineage, Inc. (NASDAQ:LINE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $79.67.

A number of research firms recently commented on LINE. Scotiabank boosted their price target on Lineage from $73.00 to $74.00 and gave the stock a "sector outperform" rating in a report on Monday, March 10th. Mizuho dropped their target price on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Morgan Stanley reduced their price target on shares of Lineage from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday. Citigroup initiated coverage on shares of Lineage in a report on Friday, March 28th. They set a "neutral" rating and a $64.00 price objective for the company. Finally, Robert W. Baird cut their price objective on Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th.

Insider Transactions at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the business's stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the purchase, the chairman now owns 24,317 shares in the company, valued at $1,471,178.50. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company's stock.

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Hedge Funds Weigh In On Lineage

A number of large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its position in shares of Lineage by 1.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company's stock worth $595,000 after purchasing an additional 185 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Lineage by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 29,724 shares of the company's stock valued at $1,740,000 after buying an additional 291 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Lineage by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 8,910 shares of the company's stock valued at $526,000 after buying an additional 340 shares during the period. M&T Bank Corp grew its stake in Lineage by 9.7% in the 4th quarter. M&T Bank Corp now owns 4,987 shares of the company's stock worth $292,000 after acquiring an additional 439 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after acquiring an additional 448 shares during the period.

Lineage Stock Performance

Shares of Lineage stock traded down $2.06 during trading hours on Tuesday, hitting $54.35. The company's stock had a trading volume of 2,029,717 shares, compared to its average volume of 1,282,843. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The business has a 50 day moving average price of $58.30 and a two-hundred day moving average price of $63.97. Lineage has a 12-month low of $52.75 and a 12-month high of $89.85.

Lineage Dividend Announcement

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 paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Monday, March 31st.

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.