Lineage (NASDAQ:LINE) Given New $85.00 Price Target at Robert W. Baird

Lineage (NASDAQ:LINE - Free Report) had its target price trimmed by Robert W. Baird from $91.00 to $85.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on LINE. Baird R W upgraded Lineage to a "strong-buy" rating in a research report on Monday, August 19th. Royal Bank of Canada restated an "outperform" rating and set a $94.00 price target on shares of Lineage in a report on Tuesday, September 3rd. Piper Sandler assumed coverage on shares of Lineage in a research note on Monday, August 19th. They issued an "overweight" rating and a $102.00 price objective on the stock. Bank of America assumed coverage on shares of Lineage in a research note on Monday, August 19th. They set a "buy" rating and a $100.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Lineage in a research report on Monday, August 19th. They set a "hold" rating and a $90.00 price target on the stock. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.50.

Lineage Stock Performance

NASDAQ LINE traded up $0.28 on Thursday, reaching $68.08. The company had a trading volume of 2,173,950 shares, compared to its average volume of 1,442,283. Lineage has a fifty-two week low of $66.94 and a fifty-two week high of $89.85. The business has a 50 day moving average price of $78.01. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 1.93.

Lineage Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nicola Wealth Management LTD. bought a new position in Lineage during the third quarter valued at $658,000. Oppenheimer Asset Management Inc. bought a new position in shares of Lineage during the 3rd quarter worth $312,000. Victory Capital Management Inc. purchased a new stake in Lineage in the 3rd quarter worth about $176,790,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Lineage in the 3rd quarter valued at about $5,070,000. Finally, Baillie Gifford & Co. purchased a new stake in shares of Lineage during the 3rd quarter valued at approximately $134,351,000.

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.