Lineage, Inc. (NASDAQ:LINE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Lineage, Inc. (NASDAQ:LINE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven 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 company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $85.76.

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced their price objective on Lineage from $94.00 to $81.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Evercore ISI reduced their price target 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, November 7th. Robert W. Baird lowered their price objective on shares of Lineage from $91.00 to $85.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group cut their price objective on shares of Lineage from $104.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Finally, Scotiabank decreased their target price on shares of Lineage from $94.00 to $76.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, December 10th.

Institutional Trading of Lineage

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Lineage in the 3rd quarter worth $658,000. Perpetual Ltd purchased a new position in shares of Lineage during the third quarter valued at about $324,000. Renaissance Capital LLC bought a new position in Lineage in the third quarter worth about $5,209,000. Vontobel Holding Ltd. purchased a new stake in Lineage in the third quarter worth about $1,026,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Lineage during the 3rd quarter valued at approximately $3,582,000.

Lineage Price Performance

Shares of NASDAQ:LINE traded up $3.06 during trading on Thursday, reaching $57.41. The company had a trading volume of 695,876 shares, compared to its average volume of 831,168. The company has a fifty day moving average price of $61.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage has a 12 month low of $52.75 and a 12 month high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm's revenue was up .5% on a year-over-year basis. On average, equities research analysts anticipate that Lineage will post 2.33 earnings per share for the current fiscal year.

Lineage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.5275 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.68%.

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.