State of Alaska Department of Revenue Invests $2.31 Million in Lineage, Inc. (NASDAQ:LINE)

State of Alaska Department of Revenue bought a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,433 shares of the company's stock, valued at approximately $2,306,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Spirit of America Management Corp NY purchased a new position in Lineage during the third quarter worth approximately $165,000. Perpetual Ltd acquired a new stake in shares of Lineage during the 3rd quarter worth $324,000. Harbour Capital Advisors LLC purchased a new position in shares of Lineage in the 3rd quarter worth $380,000. SG Americas Securities LLC acquired a new position in Lineage in the third quarter valued at $658,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Lineage during the third quarter valued at about $867,000.

Analyst Ratings Changes

A number of research firms have recently commented on LINE. UBS Group began coverage on Lineage in a report on Monday, August 19th. They issued a "neutral" rating and a $88.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lineage in a report on Monday, August 19th. They issued a "hold" rating and a $90.00 price target on the stock. Bank of America initiated coverage on shares of Lineage in a research note on Monday, August 19th. They set a "buy" rating and a $100.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $94.00 price objective on shares of Lineage in a research report on Tuesday, September 3rd. Finally, KeyCorp initiated coverage on shares of Lineage in a report on Monday, August 19th. They set an "overweight" rating and a $92.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.50.

Lineage Stock Performance

Shares of Lineage stock traded down $1.77 on Friday, hitting $72.27. 581,677 shares of the company's stock traded hands, compared to its average volume of 656,991. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 1.93. The business's 50-day simple moving average is $79.16. Lineage, Inc. has a 52-week low of $72.03 and a 52-week high of $89.85.

Lineage Announces Dividend

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

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.