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

Lineage, Inc. (NASDAQ:LINE) announced a quarterly dividend on Tuesday, March 18th, RTT News reports. Shareholders 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 yield of 3.50%. The ex-dividend date is Monday, March 31st.

Lineage Stock Performance

Shares of NASDAQ LINE traded down $0.02 during midday trading on Thursday, reaching $60.30. 759,333 shares of the stock were exchanged, compared to its average volume of 1,285,731. Lineage has a 12 month low of $52.75 and a 12 month high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $58.10 and a two-hundred day simple moving average of $65.99.

Analysts Set New Price Targets

Several research firms have weighed in on LINE. Robert W. Baird reduced their target price on Lineage from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. cut Lineage from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $78.00 to $75.00 in a report on Friday, December 20th. The Goldman Sachs Group lowered their target price on Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada cut their price target on shares of Lineage from $81.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Mizuho reduced their price target on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.06.

Insider Activity at Lineage

In related news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the transaction, the chairman now directly owns 24,317 shares of the company’s stock, valued at $1,471,178.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

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.