Easterly Investment Partners LLC Has $4.40 Million Stake in Lineage, Inc. (NASDAQ:LINE)

Easterly Investment Partners LLC reduced its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,129 shares of the company’s stock after selling 2,696 shares during the quarter. Easterly Investment Partners LLC’s holdings in Lineage were worth $4,400,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. bought a new stake in Lineage during the third quarter worth about $13,786,000. Larson Financial Group LLC bought a new stake in Lineage during the 3rd quarter worth approximately $34,000. The Manufacturers Life Insurance Company acquired a new stake in Lineage during the 3rd quarter valued at $2,612,000. Quantbot Technologies LP bought a new position in Lineage in the 3rd quarter valued at $323,000. Finally, BNP Paribas Financial Markets acquired a new position in Lineage in the third quarter worth $2,993,000.

Insider Transactions at Lineage

In other news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the business’s stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the purchase, the chairman now directly owns 24,317 shares in the company, valued at $1,471,178.50. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LINE shares. BNP Paribas started coverage on Lineage in a report on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 price target for the company. Scotiabank raised their price target on shares of Lineage from $73.00 to $74.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Piper Sandler reduced their price objective on Lineage from $90.00 to $75.00 and set an “overweight” 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 lowered their target price for the company from $78.00 to $75.00 in a research note on Friday, December 20th. Finally, Mizuho cut their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Lineage presently has a consensus rating of “Moderate Buy” and an average price target of $82.06.

Lineage Stock Performance

NASDAQ:LINE opened at $59.67 on Thursday. 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’s 50-day simple moving average is $58.50 and its 200-day simple moving average is $65.18. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, March 31st.

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.