Nisa Investment Advisors LLC Sells 6,286 Shares of Lineage, Inc. (NASDAQ:LINE)

Nisa Investment Advisors LLC lowered its holdings in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 10.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,545 shares of the company's stock after selling 6,286 shares during the period. Nisa Investment Advisors LLC's holdings in Lineage were worth $3,286,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Robert W. Baird dropped their price target on shares of Lineage from $91.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Evercore ISI reduced their price target on Lineage from $88.00 to $78.00 and set an "in-line" rating on the stock in a research report on Thursday, November 7th. Mizuho decreased their price target on Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank reduced their target price on Lineage from $94.00 to $76.00 and set a "sector outperform" rating on the stock in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.06.

Lineage Price Performance

Shares of NASDAQ LINE traded up $0.13 during trading on Friday, hitting $59.96. 649,089 shares of the company traded hands, compared to its average volume of 749,748. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $60.29. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The firm's revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that Lineage, Inc. will post 2.33 earnings per share for the current fiscal year.

Lineage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.5275 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.52%.

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.