Lineage (NASDAQ:LINE) Receives New Coverage from Analysts at Capital One Financial

Capital One Financial began coverage on shares of Lineage (NASDAQ:LINE) in a research report report published on Monday morning, MarketBeat reports. The firm issued an overweight rating and a $91.00 price target on the stock.

A number of other equities research analysts have also recently commented on LINE. KeyCorp initiated coverage on shares of Lineage in a report on Monday, August 19th. They issued an overweight rating and a $92.00 price target on the stock. The Goldman Sachs Group lowered their target price on Lineage from $105.00 to $104.00 and set a buy rating on the stock in a research note on Friday. Royal Bank of Canada reiterated an outperform rating and set a $94.00 price target on shares of Lineage in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. assumed coverage on Lineage in a research note on Monday, August 19th. They issued an overweight rating and a $93.00 price objective on the stock. Finally, Evercore ISI upped their price objective on shares of Lineage from $88.00 to $90.00 and gave the company an in-line rating in a report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lineage presently has an average rating of Moderate Buy and a consensus price target of $93.63.

Lineage Price Performance

LINE opened at $82.63 on Monday. The stock has a market cap of $18.81 billion and a P/E ratio of -6.04. Lineage has a fifty-two week low of $80.03 and a fifty-two week high of $89.85.

Lineage Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, September 30th. Lineage’s dividend payout ratio (DPR) is presently -11.12%.

Insider Activity at Lineage

In other Lineage news, CFO Robert Crisci purchased 10,000 shares of the stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $78.00 per share, with a total value of $780,000.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $780,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Robert Crisci acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the transaction, the chief financial officer now 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. Also, insider Jeffrey Alvarez Rivera bought 600 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average price of $78.00 per share, with a total value of $46,800.00. Following the completion of the transaction, the insider now owns 5,406 shares of the company’s stock, valued at $421,668. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 12,150 shares of company stock valued at $947,700. Company insiders own 1.40% of the company’s stock.

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.