Piper Sandler Lowers Lineage (NASDAQ:LINE) Price Target to $75.00

Lineage (NASDAQ:LINE - Free Report) had its target price cut by Piper Sandler from $90.00 to $75.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

LINE has been the subject of a number of other research reports. Mizuho decreased their price objective on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Lineage from $76.00 to $73.00 and set a "sector outperform" rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut shares of Lineage from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $78.00 to $75.00 in a report on Friday, December 20th. Royal Bank of Canada decreased their target price on Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group dropped their price target on Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lineage has an average rating of "Moderate Buy" and an average target price of $82.41.

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Lineage Stock Performance

Shares of LINE traded down $0.28 during mid-day trading on Thursday, hitting $59.97. The stock had a trading volume of 912,984 shares, compared to its average volume of 981,844. Lineage has a fifty-two week low of $52.75 and a fifty-two week high of $89.85. 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 company's fifty day simple moving average is $57.74 and its two-hundred day simple moving average is $68.18.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Investors Weigh In On Lineage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Lineage during the 4th quarter valued at $681,572,000. Vanguard Group Inc. grew its position in Lineage by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 9,595,402 shares of the company's stock worth $562,003,000 after buying an additional 408,526 shares during the last quarter. D1 Capital Partners L.P. grew its holdings in shares of Lineage by 257.5% in the 4th quarter. D1 Capital Partners L.P. now owns 3,753,598 shares of the company's stock worth $219,848,000 after acquiring an additional 2,703,598 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Lineage during the 3rd quarter worth about $265,895,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Lineage by 92.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,233,219 shares of the company's stock valued at $189,380,000 after acquiring an additional 1,550,478 shares during the period.

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.