Lineage (NASDAQ:LINE) Sees Large Volume Increase – Still a Buy?

Lineage, Inc. (NASDAQ:LINE) shares saw an uptick in trading volume on Thursday . 1,445,474 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 698,527 shares.The stock last traded at $55.20 and had previously closed at $54.65.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LINE shares. Royal Bank of Canada dropped their target price on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Evercore ISI dropped their price objective on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Mizuho decreased their price objective on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their target price on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, BNP Paribas assumed coverage on Lineage in a research note on Tuesday, January 14th. They set a “neutral” rating and a $61.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.88.

Lineage Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The business’s 50-day moving average is $58.26 and its two-hundred day moving average is $69.74.

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. US Bancorp DE acquired a new stake in shares of Lineage in the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in Lineage during the third quarter worth $34,000. GAMMA Investing LLC lifted its stake in Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after acquiring an additional 448 shares during the last quarter. FIL Ltd bought a new position in shares of Lineage in the 4th quarter valued at about $29,000. Finally, Quarry LP acquired a new position in shares of Lineage during the 4th quarter worth about $50,000.

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.