HGI Capital Management LLC Acquires New Shares in Lineage, Inc. (NASDAQ:LINE)

HGI Capital Management LLC bought a new position in Lineage, Inc. (NASDAQ:LINE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,571 shares of the company’s stock, valued at approximately $971,000. Lineage makes up about 1.0% of HGI Capital Management LLC’s investment portfolio, making the stock its 17th largest holding.

Several other large investors have also recently bought and sold shares of LINE. XTX Topco Ltd acquired a new position in shares of Lineage in the fourth quarter valued at approximately $347,000. Mariner LLC acquired a new position in Lineage in the 4th quarter valued at approximately $548,000. Optimize Financial Inc bought a new position in shares of Lineage during the fourth quarter valued at $330,000. Rockefeller Capital Management L.P. acquired a new position in shares of Lineage during the fourth quarter worth $640,000. Finally, Sterling Capital Management LLC grew its stake in shares of Lineage by 61.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,703 shares of the company’s stock worth $217,000 after purchasing an additional 1,415 shares during the last quarter.

Insiders Place Their Bets

In related 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 acquired at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the purchase, the chairman now owns 24,317 shares of the company’s stock, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Lineage Trading Up 1.9 %

Shares of Lineage stock opened at $55.91 on Friday. Lineage, Inc. has a 52 week low of $46.63 and a 52 week high of $89.85. The stock has a 50 day moving average price of $57.01 and a two-hundred day moving average price of $62.15. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.5275 per share. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.77%.

Analysts Set New Price Targets

Several research analysts recently issued reports on LINE shares. 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 report on Friday, January 17th. Piper Sandler lowered their price objective on Lineage from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada reduced their target price on Lineage from $81.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Robert W. Baird lowered their price target on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Mizuho reduced their price objective 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. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lineage has an average rating of “Moderate Buy” and a consensus price target of $77.63.

Lineage 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.