Lineage, Inc.’s (NASDAQ:LINE) Lock-Up Period To End on January 21st

Lineage’s (NASDAQ:LINE) lock-up period will expire on Tuesday, January 21st. Lineage had issued 56,882,051 shares in its public offering on July 25th. The total size of the offering was $4,436,799,978 based on an initial share price of $78.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

LINE has been the subject of a number of recent research reports. Royal Bank of Canada cut their target price on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Scotiabank lowered their price target on Lineage from $94.00 to $76.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. The Goldman Sachs Group reduced their price target on shares of Lineage from $104.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Mizuho cut their price objective on Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Robert W. Baird dropped their target price on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lineage currently has a consensus rating of “Moderate Buy” and an average target price of $87.31.

Lineage Trading Up 0.2 %

LINE opened at $55.60 on Tuesday. The stock has a fifty day moving average price of $62.16. Lineage has a twelve month low of $54.67 and a twelve month high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Lineage (NASDAQ:LINE) last posted its 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, equities analysts expect that Lineage will post 3 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, December 31st.

Institutional Trading of Lineage

A number of institutional investors have recently modified their holdings of the company. US Bancorp DE acquired a new stake in Lineage in the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC acquired a new stake in shares of Lineage in the third quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in shares of Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after purchasing an additional 448 shares in the last quarter. Spirit of America Management Corp NY acquired a new position in Lineage during the third quarter worth $165,000. Finally, Stifel Financial Corp bought a new position in Lineage in the third quarter valued at $211,000.

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.