Lineage (NASDAQ:LINE) Reaches New 1-Year Low - Should You Sell?

Lineage, Inc. (NASDAQ:LINE - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $73.04 and last traded at $73.12, with a volume of 176366 shares trading hands. The stock had previously closed at $74.04.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LINE shares. Scotiabank reduced their price objective on Lineage from $95.00 to $94.00 and set a "sector outperform" rating for the company in a report on Monday, August 26th. JPMorgan Chase & Co. started coverage on shares of Lineage in a research report on Monday, August 19th. They issued an "overweight" rating and a $93.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and set a $94.00 price target on shares of Lineage in a research note on Tuesday, September 3rd. KeyCorp began coverage on shares of Lineage in a research note on Monday, August 19th. They issued an "overweight" rating and a $92.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on Lineage from $86.00 to $89.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $93.50.

Lineage Trading Down 2.4 %

The business has a fifty day moving average price of $79.43. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 1.93.

Lineage Dividend Announcement

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

Institutional Trading of Lineage

Large investors have recently bought and sold shares of the business. US Bancorp DE bought a new position in Lineage during the third quarter worth $25,000. Spirit of America Management Corp NY acquired a new position in Lineage during the third quarter valued at approximately $165,000. Amalgamated Bank acquired a new stake in Lineage in the third quarter valued at about $255,000. Villere ST Denis J & Co. LLC bought a new stake in shares of Lineage during the 3rd quarter valued at approximately $314,000. Finally, Perpetual Ltd acquired a new position in shares of Lineage during the third quarter worth $324,000.

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.