Lineage (NASDAQ:LINE) Research Coverage Started at Capital One Financial

Capital One Financial started coverage on shares of Lineage (NASDAQ:LINE) in a report issued on Monday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $91.00 target price on the stock.

LINE has been the subject of several other reports. Scotiabank decreased their price objective on shares of Lineage from $95.00 to $94.00 and set a sector outperform rating for the company in a research note on Monday, August 26th. Morgan Stanley started coverage on shares of Lineage in a research note on Monday, August 19th. They set an overweight rating and a $100.00 price objective for the company. UBS Group started coverage on shares of Lineage in a research note on Monday, August 19th. They set a neutral rating and a $88.00 price objective for the company. Robert W. Baird started coverage on shares of Lineage in a research note on Monday, August 19th. They set an outperform rating and a $91.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Lineage in a research note on Monday, August 19th. They set a hold rating and a $90.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lineage currently has a consensus rating of Moderate Buy and an average price target of $93.63.

Lineage Stock Up 0.1 %

Shares of LINE stock opened at $82.47 on Monday. Lineage has a one year low of $80.03 and a one year high of $89.85. The company has a market cap of $18.78 billion and a P/E ratio of -6.03.

Lineage Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, September 30th. Lineage’s dividend payout ratio (DPR) is -11.12%.

Insiders Place Their Bets

In other Lineage news, Director Nancy Joy Falotico bought 1,300 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $78.00 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director now owns 2,452 shares of the company’s stock, valued at $191,256. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lineage news, CFO Robert Crisci bought 10,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $78.00 per share, with a total value of $780,000.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $780,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy Joy Falotico bought 1,300 shares of the company’s stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $78.00 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director now directly owns 2,452 shares of the company’s stock, valued at approximately $191,256. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 12,150 shares of company stock valued at $947,700. Company insiders own 1.40% of the company’s stock.

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.