Lineage (NASDAQ:LINE) Sets New 12-Month Low - What's Next?

Lineage, Inc. (NASDAQ:LINE - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $54.76 and last traded at $54.76, with a volume of 44965 shares. The stock had previously closed at $55.47.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LINE shares. Scotiabank cut their price target on Lineage from $94.00 to $76.00 and set a "sector outperform" rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded Lineage from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $78.00 to $75.00 in a report on Friday, December 20th. Robert W. Baird cut their price target on Lineage from $91.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, November 7th. Mizuho cut their target price on Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their target price on Lineage from $104.00 to $89.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.31.

Lineage Price Performance

The company's 50 day simple moving average is $62.16. 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 (NASDAQ:LINE - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($3.22). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Sell-side analysts forecast that Lineage, Inc. will post 3 earnings per share for the current year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.5275 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.11 annualized dividend and a yield of 3.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LINE. US Bancorp DE bought a new stake in Lineage during the third quarter valued at $25,000. Larson Financial Group LLC purchased a new stake in shares of Lineage during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC boosted its holdings in Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after buying an additional 448 shares during the period. Spirit of America Management Corp NY bought a new position in Lineage in the 3rd quarter valued at $165,000. Finally, Stifel Financial Corp purchased a new stake in shares of Lineage during the 3rd quarter valued at $211,000.

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.