Lineage (NASDAQ:LINE) Given New $104.00 Price Target at The Goldman Sachs Group

Lineage (NASDAQ:LINE) had its price objective trimmed by The Goldman Sachs Group from $105.00 to $104.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Evercore ISI lifted their price target on Lineage from $88.00 to $90.00 and gave the stock an in-line rating in a research note on Wednesday, August 28th. Piper Sandler assumed coverage on Lineage in a report on Monday, August 19th. They set an overweight rating and a $102.00 price target on the stock. Truist Financial assumed coverage on Lineage in a research note on Monday, August 19th. They issued a buy rating and a $94.00 price objective for the company. KeyCorp initiated coverage on shares of Lineage in a research note on Monday, August 19th. They set an overweight rating and a $92.00 target price for the company. Finally, UBS Group started coverage on Lineage in a research report on Monday, August 19th. They issued a neutral rating and a $88.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $93.63.

Lineage Stock Performance

NASDAQ LINE opened at $82.63 on Friday. The company has a market capitalization of $18.81 billion and a P/E ratio of -6.04. Lineage has a 12 month low of $80.03 and a 12 month high of $89.85.

Lineage Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be given a $0.38 dividend. The ex-dividend date is Monday, September 30th. Lineage’s dividend payout ratio (DPR) is presently -11.12%.

Insider Buying and Selling

In related news, insider Jeffrey Alvarez Rivera purchased 600 shares of Lineage stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, with a total value of $46,800.00. Following the completion of the transaction, the insider now owns 5,406 shares of the company’s stock, valued at approximately $421,668. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Robert Crisci acquired 10,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $780,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Alvarez Rivera acquired 600 shares of Lineage stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $78.00 per share, with a total value of $46,800.00. Following the acquisition, the insider now owns 5,406 shares of the company’s stock, valued at $421,668. The disclosure for this purchase can be found here. Over the last three months, insiders bought 12,150 shares of company stock worth $947,700. 1.40% of the stock is owned by corporate insiders.

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.