Lineage, Inc. (NASDAQ:LINE) to Issue Quarterly Dividend of $0.53

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Wednesday, March 19th, 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%.

Lineage Trading Down 0.6 %

Shares of LINE stock opened at $60.32 on Thursday. The company’s 50-day moving average price is $58.10 and its 200-day moving average price is $65.99. 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 twelve month low of $52.75 and a twelve month high of $89.85.

Analysts Set New Price Targets

Several analysts recently issued reports on LINE shares. Royal Bank of Canada reduced their price objective on shares of Lineage from $81.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. 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. Scotiabank boosted their price target on shares of Lineage from $73.00 to $74.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered shares of Lineage from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. Finally, Piper Sandler cut their price target on shares of Lineage from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.06.

Insider Transactions at Lineage

In other news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the transaction, the chairman now directly owns 24,317 shares in the company, valued at approximately $1,471,178.50. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 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.