Vision Capital Corp Invests $11.76 Million in Lineage, Inc. (NASDAQ:LINE)

Vision Capital Corp acquired a new stake in Lineage, Inc. (NASDAQ:LINE) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 150,000 shares of the company’s stock, valued at approximately $11,757,000. Lineage accounts for about 1.9% of Vision Capital Corp’s investment portfolio, making the stock its 20th biggest holding. Vision Capital Corp owned about 0.07% of Lineage as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. US Bancorp DE acquired a new position in shares of Lineage in the third quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in Lineage in the 3rd quarter valued at $34,000. Spirit of America Management Corp NY acquired a new position in Lineage in the 3rd quarter worth $165,000. Amalgamated Bank acquired a new position in Lineage in the 3rd quarter worth $255,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Lineage during the 3rd quarter worth about $312,000.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price objective on Lineage from $104.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Bank of America started coverage on shares of Lineage in a report on Monday, August 19th. They issued a “buy” rating and a $100.00 price objective on the stock. KeyCorp assumed coverage on shares of Lineage in a research report on Monday, August 19th. They issued an “overweight” rating and a $92.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Lineage in a research report on Monday, August 19th. They issued an “overweight” rating and a $100.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lineage in a research note on Monday, August 19th. They issued a “hold” rating and a $90.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.75.

Lineage Trading Up 1.8 %

Shares of NASDAQ LINE opened at $64.10 on Monday. Lineage, Inc. has a 12 month low of $62.50 and a 12 month high of $89.85. The business’s 50 day simple moving average is $74.02. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. On average, equities analysts anticipate that Lineage, Inc. will post 3 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, September 30th.

Lineage 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.