Robert W. Baird Cuts Lineage (NASDAQ:LINE) Price Target to $70.00

Lineage (NASDAQ:LINE) had its price target lowered by Robert W. Baird from $76.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of Lineage from an “overweight” rating to a “neutral” rating and cut their price target for the company from $78.00 to $75.00 in a research note on Friday, December 20th. Evercore ISI cut their price target on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. 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 note on Wednesday, November 13th. Mizuho cut their price target on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Scotiabank cut their price target on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lineage has an average rating of “Moderate Buy” and a consensus target price of $82.41.

Lineage Stock Performance

NASDAQ:LINE opened at $60.25 on Thursday. 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 has a 52 week low of $52.75 and a 52 week high of $89.85. The firm has a 50 day moving average of $57.74 and a 200 day moving average of $68.29.

Lineage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a dividend of $0.5275 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 annualized dividend and a yield of 3.50%.

Institutional Trading of Lineage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LINE. US Bancorp DE acquired a new stake in Lineage during the third quarter valued at $25,000. GAMMA Investing LLC grew 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 buying an additional 448 shares during the period. FIL Ltd purchased a new position in Lineage during the fourth quarter valued at $29,000. Larson Financial Group LLC purchased a new position in Lineage during the third quarter valued at $34,000. Finally, Quarry LP purchased a new position in Lineage during the fourth quarter valued at $50,000.

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.