Lineage, Inc. (LINE) To Go Ex-Dividend on March 31st

Lineage, Inc. (NASDAQ:LINE) announced a quarterly dividend on Tuesday, March 18th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.5275 per share on Monday, April 21st. This represents a $2.11 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, March 31st.

Lineage Trading Down 0.0 %

NASDAQ:LINE traded down $0.02 during mid-day trading on Thursday, hitting $60.30. The company’s stock had a trading volume of 759,333 shares, compared to its average volume of 1,285,731. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage has a fifty-two week low of $52.75 and a fifty-two week high of $89.85. The stock has a fifty day moving average of $58.10 and a 200-day moving average of $65.99.

Insider Buying and Selling at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the company’s stock in a transaction on Friday, February 28th. The stock was bought at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the transaction, the chairman now owns 24,317 shares of the company’s stock, valued at approximately $1,471,178.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LINE. Royal Bank of Canada cut their target price on Lineage from $81.00 to $74.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Piper Sandler cut their price objective on Lineage from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group reduced their target price on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. downgraded 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 report on Friday, December 20th. Finally, Robert W. Baird cut their target price on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.06.

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.