Lineage, Inc. (NASDAQ:LINE) Given Average Rating of “Moderate Buy” by Analysts

Lineage, Inc. (NASDAQ:LINE) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $85.06.

A number of research firms recently commented on LINE. Evercore ISI decreased their price target on Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group lowered their target price on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Robert W. Baird dropped their price target on Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada reduced their price objective on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut Lineage from an “overweight” rating to a “neutral” rating and cut their target price for the company from $78.00 to $75.00 in a research note on Friday, December 20th.

Institutional Investors Weigh In On Lineage

A number of institutional investors and hedge funds have recently modified their holdings of LINE. Galvin Gaustad & Stein LLC acquired a new stake in shares of Lineage during the fourth quarter worth $9,338,000. Janney Montgomery Scott LLC lifted its stake in Lineage by 1.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company’s stock valued at $595,000 after buying an additional 185 shares in the last quarter. Alpha Cubed Investments LLC purchased a new position in shares of Lineage in the fourth quarter worth approximately $387,000. Oak Thistle LLC purchased a new position in shares of Lineage in the fourth quarter worth approximately $391,000. Finally, GAMMA Investing LLC raised its holdings in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after acquiring an additional 448 shares during the period.

Lineage Stock Down 0.2 %

Shares of NASDAQ LINE opened at $59.97 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage has a 1 year low of $52.75 and a 1 year high of $89.85. The stock’s 50-day simple moving average is $60.43.

Lineage (NASDAQ:LINE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Research analysts forecast that Lineage will post 2.33 earnings per share for the current fiscal year.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.5275 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 3.52%.

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.