2,100 Shares in Lineage, Inc. (NASDAQ:LINE) Bought by Spirit of America Management Corp NY

Spirit of America Management Corp NY purchased a new stake in Lineage, Inc. (NASDAQ:LINE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,100 shares of the company’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Lineage in the third quarter worth approximately $23,893,000. Seven Grand Managers LLC bought a new position in Lineage during the 3rd quarter worth approximately $24,298,000. SG Americas Securities LLC acquired a new position in shares of Lineage in the 3rd quarter worth approximately $658,000. Vontobel Holding Ltd. bought a new stake in shares of Lineage in the 3rd quarter valued at $1,026,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Lineage during the third quarter worth $867,000.

Lineage Price Performance

Shares of LINE opened at $76.24 on Friday. Lineage, Inc. has a 52 week low of $73.16 and a 52 week high of $89.85. The business’s 50 day moving average is $80.30. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95.

Lineage Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, September 30th.

Analyst Ratings Changes

Several equities analysts recently issued reports on LINE shares. Mizuho assumed coverage on shares of Lineage in a report on Monday, August 19th. They issued a “neutral” rating and a $86.00 target price on the stock. Capital One Financial assumed coverage on Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 target price on the stock. Truist Financial initiated coverage on Lineage in a report on Monday, August 19th. They issued a “buy” rating and a $94.00 target price for the company. Scotiabank dropped their price target 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, Baird R W raised shares of Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.50.

Lineage 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.