Robert W. Baird Cuts Lineage (NASDAQ:LINE) Price Target to $85.00

Lineage (NASDAQ:LINE) had its price objective decreased by Robert W. Baird from $91.00 to $85.00 in a research note released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

LINE has been the subject of several other reports. Scotiabank decreased their target price on shares of Lineage from $95.00 to $94.00 and set a “sector outperform” rating for the company in a report on Monday, August 26th. Morgan Stanley initiated coverage on Lineage in a report on Monday, August 19th. They issued an “overweight” rating and a $100.00 target price for the company. Baird R W raised Lineage to a “strong-buy” rating in a report on Monday, August 19th. Mizuho began coverage on Lineage in a research report on Monday, August 19th. They set a “neutral” rating and a $86.00 price objective on the stock. Finally, KeyCorp began coverage on shares of Lineage in a research note on Monday, August 19th. They set an “overweight” rating and a $92.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.50.

Lineage Stock Down 1.1 %

Shares of NASDAQ:LINE traded down $0.76 during trading on Thursday, hitting $67.32. The stock had a trading volume of 1,265,480 shares, compared to its average volume of 723,068. Lineage has a 12 month low of $66.94 and a 12 month high of $89.85. The company has a fifty day moving average of $77.68. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10.

Lineage Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

Institutional Trading of Lineage

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Lineage in the third quarter valued at approximately $658,000. Perpetual Ltd acquired a new stake in shares of Lineage during the third quarter worth $324,000. Renaissance Capital LLC acquired a new position in Lineage in the third quarter valued at $5,209,000. Vontobel Holding Ltd. purchased a new position in Lineage during the third quarter worth about $1,026,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Lineage in the 3rd quarter worth about $3,582,000.

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.