Lineage, Inc. (NASDAQ:LINE) to Issue $0.38 — Dividend

Lineage, Inc. (NASDAQ:LINE) announced a — dividend on Tuesday, September 10th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.38 per share on Monday, October 21st. The ex-dividend date of this dividend is Monday, September 30th.

Lineage Price Performance

LINE opened at $78.29 on Friday. The company has a market cap of $17.83 billion and a P/E ratio of -5.73. The business has a 50-day moving average of $83.86. Lineage has a 1-year low of $78.06 and a 1-year high of $89.85.

Analyst Upgrades and Downgrades

LINE has been the subject of a number of analyst reports. Robert W. Baird began 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. UBS Group assumed coverage on Lineage in a research report on Monday, August 19th. They issued a “neutral” rating and a $88.00 target price for the company. Wells Fargo & Company increased their price target on Lineage from $86.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Scotiabank dropped their price objective on Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 target price on shares of Lineage in a research note on Tuesday, September 3rd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.63.

Insider Activity at Lineage

In other Lineage news, CFO Robert Crisci bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at $780,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jeffrey Alvarez Rivera bought 600 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, for a total transaction of $46,800.00. Following the purchase, the insider now directly owns 5,406 shares in the company, valued at $421,668. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert Crisci acquired 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $78.00 per share, with a total value of $780,000.00. Following the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $780,000. The disclosure for this purchase can be found here. In the last three months, insiders have bought 12,150 shares of company stock worth $947,700. 1.40% of the stock is owned by insiders.

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.