Lineage, Inc. (NASDAQ:LINE – Get Free Report) reached a new 52-week low during mid-day trading on Monday after Evercore ISI lowered their price target on the stock from $90.00 to $88.00. Evercore ISI currently has an in-line rating on the stock. Lineage traded as low as $75.46 and last traded at $75.50, with a volume of 309072 shares trading hands. The stock had previously closed at $76.87.
A number of other research firms have also weighed in on LINE. Robert W. Baird started coverage on shares of Lineage in a report on Monday, August 19th. They set an “outperform” rating and a $91.00 target price for the company. UBS Group started coverage on shares of Lineage in a report on Monday, August 19th. They set a “neutral” rating and a $88.00 target price for the company. Truist Financial started coverage on shares of Lineage in a report on Monday, August 19th. They set a “buy” rating and a $94.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $93.00 target price for the company. Finally, Wells Fargo & Company increased their target price on shares of 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.50.
Check Out Our Latest Report on LINE
Insider Buying and Selling at Lineage
Institutional Investors Weigh In On Lineage
An institutional investor recently bought a new position in Lineage stock. SG Americas Securities LLC purchased a new stake in shares of Lineage, Inc. (NASDAQ:LINE – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,395 shares of the company’s stock, valued at approximately $658,000. Hedge funds and other institutional investors own 3.35% of the company’s stock.
Lineage Stock Performance
The stock has a market capitalization of $18.29 billion and a P/E ratio of -5.49. The company’s 50-day moving average is $82.95.
Lineage Announces Dividend
The company also recently declared a — dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, September 30th. Lineage’s dividend payout ratio (DPR) is currently -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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