abrdn plc Invests $1 Million in Lineage, Inc. (NASDAQ:LINE)

abrdn plc purchased a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,752 shares of the company's stock, valued at approximately $1,000,000.

A number of other institutional investors have also modified their holdings of the stock. Spirit of America Management Corp NY purchased a new stake in Lineage during the third quarter worth $165,000. Perpetual Ltd purchased a new stake in shares of Lineage during the 3rd quarter worth about $324,000. Harbour Capital Advisors LLC acquired a new stake in shares of Lineage during the 3rd quarter valued at about $380,000. SG Americas Securities LLC purchased a new position in shares of Lineage in the 3rd quarter valued at about $658,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Lineage in the 3rd quarter worth about $867,000.

Analyst Upgrades and Downgrades

LINE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Lineage in a research report on Monday, August 19th. They issued an "overweight" rating and a $93.00 price objective for the company. Robert W. Baird assumed coverage on shares of Lineage in a research note on Monday, August 19th. They set an "outperform" rating and a $91.00 target price for the company. KeyCorp started coverage on shares of Lineage in a research note on Monday, August 19th. They issued an "overweight" rating and a $92.00 price target on the stock. Mizuho began coverage on Lineage in a research note on Monday, August 19th. They set a "neutral" rating and a $86.00 price objective for the company. Finally, Piper Sandler started coverage on Lineage in a research report on Monday, August 19th. They issued an "overweight" rating and a $102.00 target price on the stock. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lineage has a consensus rating of "Moderate Buy" and an average target price of $93.50.

Lineage Trading Up 0.5 %

Lineage stock traded up $0.35 during mid-day trading on Tuesday, hitting $72.89. The company's stock had a trading volume of 703,894 shares, compared to its average volume of 1,407,000. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10. Lineage, Inc. has a 1 year low of $71.90 and a 1 year high of $89.85. The business has a fifty day moving average price of $78.90.

Lineage Dividend Announcement

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

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.