Analysts Set Lineage, Inc. (NASDAQ:LINE) Price Target at $84.88

Lineage, Inc. (NASDAQ:LINE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $84.88.

Several research firms have weighed in on LINE. Robert W. Baird dropped their price objective on shares of Lineage from $91.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price objective on shares of Lineage from $94.00 to $81.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 13th. Scotiabank dropped their price objective on shares of Lineage from $76.00 to $73.00 and set a "sector outperform" rating on the stock in a research note on Monday, February 3rd. Mizuho dropped their price objective on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Evercore ISI dropped their price objective on shares of Lineage from $88.00 to $78.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th.

Lineage Trading Down 0.6 %

Lineage stock traded down $0.33 during trading hours on Monday, hitting $56.22. The company had a trading volume of 810,008 shares, compared to its average volume of 697,921. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm's fifty day moving average is $58.82 and its 200-day moving average is $70.72. Lineage has a fifty-two week low of $52.75 and a fifty-two week high of $89.85.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Tuesday, December 31st.

Institutional Trading of Lineage

Large investors have recently modified their holdings of the company. Van ECK Associates Corp bought a new stake in shares of Lineage during the 3rd quarter worth $833,000. TOMS Capital Investment Management LP acquired a new position in Lineage during the 3rd quarter valued at $15,676,000. Sequoia Financial Advisors LLC acquired a new position in Lineage during the 3rd quarter valued at $23,893,000. JPMorgan Chase & Co. acquired a new position in Lineage during the 3rd quarter valued at $12,542,000. Finally, Nicola Wealth Management LTD. acquired a new position in Lineage during the 3rd quarter valued at $658,000.

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.