Lineage (NASDAQ:LINE) Given New $75.00 Price Target at Piper Sandler

Lineage (NASDAQ:LINE) had its target price lowered by Piper Sandler from $90.00 to $75.00 in a report published on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research firms have also recently issued reports on LINE. Royal Bank of Canada cut their price objective on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Scotiabank reduced their price objective on Lineage from $76.00 to $73.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 3rd. Mizuho cut their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. downgraded Lineage from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $78.00 to $75.00 in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.41.

Lineage Price Performance

Shares of LINE opened at $59.66 on Thursday. 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 has a 1 year low of $52.75 and a 1 year high of $89.85. The company’s fifty day moving average is $57.71 and its two-hundred day moving average is $68.58.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Tuesday, December 31st.

Institutional Investors Weigh In On Lineage

A number of institutional investors have recently made changes to their positions in LINE. US Bancorp DE acquired a new stake in shares of Lineage during the 3rd quarter worth $25,000. GAMMA Investing LLC increased its position in Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after purchasing an additional 448 shares during the period. FIL Ltd acquired a new position in Lineage in the fourth quarter valued at $29,000. Larson Financial Group LLC acquired a new stake in Lineage during the third quarter worth approximately $34,000. Finally, Quarry LP bought a new stake in shares of Lineage in the 4th quarter valued at $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.