Lineage, Inc. (LINE) to Issue Quarterly Dividend of $0.53 on April 21st

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Tuesday, March 18th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.5275 per share on Monday, April 21st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, March 31st.

Lineage Stock Performance

Shares of NASDAQ:LINE opened at $58.98 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The firm has a 50 day moving average of $58.57 and a 200 day moving average of $64.98. Lineage has a 52 week low of $52.75 and a 52 week high of $89.85.

Insider Activity at Lineage

In related news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was bought 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 of the company’s stock, valued at approximately $1,471,178.50. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LINE shares. Mizuho dropped their price objective on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada lowered their price target on shares of Lineage from $81.00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. BNP Paribas started coverage on shares of Lineage in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 price objective on the stock. Robert W. Baird decreased their target price on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, Citigroup assumed coverage on Lineage in a research report on Friday. They set a “neutral” rating and a $64.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.06.

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.