Lineage, Inc.'s Lock-Up Period Will Expire on January 21st (NASDAQ:LINE)

Lineage's (NASDAQ:LINE - Get Free Report) lock-up period will end on Tuesday, January 21st. Lineage had issued 56,882,051 shares in its initial public offering on July 25th. The total size of the offering was $4,436,799,978 based on an initial share price of $78.00. After the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LINE shares. Evercore ISI reduced 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. Scotiabank cut their price objective on Lineage from $94.00 to $76.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered Lineage from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $78.00 to $75.00 in a research report on Friday, December 20th. Robert W. Baird dropped their price target on Lineage from $91.00 to $85.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Lineage from $104.00 to $89.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Lineage currently has a consensus rating of "Moderate Buy" and an average price target of $85.76.

Lineage Trading Down 0.4 %

LINE stock traded down $0.20 during trading on Tuesday, hitting $55.40. 788,041 shares of the stock traded hands, compared to its average volume of 715,780. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage has a one year low of $54.67 and a one year high of $89.85. The stock has a 50 day moving average of $61.82.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($3.22). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. Lineage's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. Research analysts forecast that Lineage will post 3 earnings per share for the current fiscal year.

Lineage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.81%.

Institutional Trading of Lineage

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of Lineage during the 3rd quarter valued at $265,895,000. Victory Capital Management Inc. acquired a new position in Lineage in the 3rd quarter valued at $176,790,000. Principal Financial Group Inc. bought a new position in Lineage during the 3rd quarter worth $173,115,000. Baillie Gifford & Co. acquired a new stake in shares of Lineage during the third quarter worth $134,351,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Lineage in the third quarter valued at about $131,875,000.

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.