Lineage, Inc. (NASDAQ:LINE) Announces $0.53 Quarterly Dividend

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.5275 per share on Monday, April 21st. This represents a $2.11 annualized dividend and a dividend yield of 3.48%.

Lineage Price Performance

Shares of Lineage stock opened at $60.70 on Wednesday. Lineage has a 12 month low of $52.75 and a 12 month high of $89.85. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $58.02 and a 200 day simple moving average of $66.03.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Scotiabank upped their price objective on shares of Lineage from $73.00 to $74.00 and gave the stock a “sector outperform” rating in a report on Monday, March 10th. Piper Sandler cut their target price on shares of Lineage from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Robert W. Baird cut their price objective on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.06.

Insider Activity at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of Lineage stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the acquisition, the chairman now owns 24,317 shares of the company’s stock, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

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.