Lineage (NASDAQ:LINE) PT Lowered to $88.00 at Evercore ISI

Lineage (NASDAQ:LINE) had its price target decreased by Evercore ISI from $90.00 to $88.00 in a report published on Monday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other brokerages have also recently commented on LINE. Royal Bank of Canada reissued an outperform rating and set a $94.00 target price on shares of Lineage in a report on Tuesday, September 3rd. Robert W. Baird assumed coverage on Lineage in a report on Monday, August 19th. They set an outperform rating and a $91.00 target price on the stock. Baird R W raised Lineage to a strong-buy rating in a report on Monday, August 19th. Truist Financial assumed coverage on Lineage in a report on Monday, August 19th. They set a buy rating and a $94.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on Lineage from $86.00 to $89.00 and gave the stock an equal weight rating in a report on Wednesday, August 28th. Five investment 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. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $93.50.

Lineage Stock Down 1.5 %

NASDAQ LINE opened at $74.28 on Monday. Lineage has a 12 month low of $73.40 and a 12 month high of $89.85. The firm has a market capitalization of $18.09 billion and a price-to-earnings ratio of -5.43. The company’s 50 day moving average is $82.44.

Lineage Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, September 30th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, September 30th. Lineage’s dividend payout ratio is currently -11.12%.

Insider Activity

In related news, CFO Robert Crisci acquired 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $78.00 per share, with a total value of $780,000.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $780,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Lineage news, insider Jeffrey Alvarez Rivera bought 600 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $78.00 per share, with a total value of $46,800.00. Following the completion of the purchase, the insider now directly owns 5,406 shares in the company, valued at $421,668. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert Crisci bought 10,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the purchase, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $780,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 12,150 shares of company stock valued at $947,700. Insiders own 1.40% of the company’s stock.

Institutional Trading of Lineage

An institutional investor recently bought a new position in Lineage stock. SG Americas Securities LLC bought a new stake in Lineage, Inc. (NASDAQ:LINE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,395 shares of the company’s stock, valued at approximately $658,000. 3.35% of the stock is owned by institutional investors.

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.