Cbre Investment Management Listed Real Assets LLC Buys 57,302 Shares of Lineage, Inc. (NASDAQ:LINE)

Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Lineage, Inc. (NASDAQ:LINE) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 602,803 shares of the company’s stock after buying an additional 57,302 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.26% of Lineage worth $35,306,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE bought a new position in Lineage during the third quarter worth about $25,000. GAMMA Investing LLC raised its position in 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 purchasing an additional 448 shares in the last quarter. Larson Financial Group LLC acquired a new position in Lineage during the third quarter valued at approximately $34,000. Stifel Financial Corp acquired a new position in shares of Lineage during the third quarter worth $211,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Lineage during the third quarter worth $226,000.

Analyst Upgrades and Downgrades

A number of analysts have commented on LINE shares. Royal Bank of Canada cut their price target on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Scotiabank cut their price objective on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group cut their price target on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 17th. Robert W. Baird lowered their price objective on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, Mizuho decreased their target price on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lineage has a consensus rating of “Moderate Buy” and a consensus price target of $82.41.

Lineage Stock Performance

Shares of NASDAQ LINE opened at $60.09 on Wednesday. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85. The business has a 50-day simple moving average of $57.77 and a two-hundred day simple moving average of $68.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95.

Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Tuesday, December 31st.

Insiders Place Their Bets

In related news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the business’s stock in a transaction on Friday, February 28th. The shares were bought at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the acquisition, the chairman now directly owns 24,317 shares in the company, valued at $1,471,178.50. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

About Lineage

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.