Lineage, Inc. (NASDAQ:LINE – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $93.50.
LINE has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Lineage from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. began coverage on shares of Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $93.00 target price on the stock. Piper Sandler began coverage on shares of Lineage in a research note on Monday, August 19th. They set an “overweight” rating and a $102.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 price objective on shares of Lineage in a report on Tuesday, September 3rd. Finally, Evercore ISI dropped their target price on Lineage from $90.00 to $88.00 and set an “in-line” rating for the company in a report on Monday.
Get Our Latest Research Report on Lineage
Insider Transactions at Lineage
Institutional Investors Weigh In On Lineage
An institutional investor recently bought a new position in Lineage stock. Perpetual Ltd purchased a new position in shares of Lineage, Inc. (NASDAQ:LINE – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,128 shares of the company’s stock, valued at approximately $324,000. 3.35% of the stock is owned by hedge funds and other institutional investors.
Lineage Trading Down 0.4 %
NASDAQ LINE opened at $73.99 on Tuesday. Lineage has a twelve month low of $73.16 and a twelve month high of $89.85. The company has a market capitalization of $18.02 billion and a PE ratio of -5.41. The company has a 50-day moving average of $82.20.
Lineage Announces Dividend
The firm also recently announced a — dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Monday, September 30th. Lineage’s payout ratio is -11.12%.
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.
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