Stifel Financial Corp Invests $211,000 in Lineage, Inc. (NASDAQ:LINE)

Stifel Financial Corp purchased a new stake in Lineage, Inc. (NASDAQ:LINE) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,688 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds have also bought and sold shares of the business. US Bancorp DE acquired a new position in shares of Lineage during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC bought a new position in Lineage during the 3rd quarter worth $34,000. Spirit of America Management Corp NY bought a new position in Lineage during the 3rd quarter worth $165,000. MetLife Investment Management LLC acquired a new position in Lineage in the 3rd quarter valued at $226,000. Finally, Amalgamated Bank bought a new stake in shares of Lineage during the 3rd quarter valued at $255,000.

Analysts Set New Price Targets

LINE has been the subject of a number of analyst reports. Evercore ISI dropped their price target on Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Capital One Financial assumed coverage on shares of Lineage in a research report on Monday, September 16th. They issued an “overweight” rating and a $91.00 target price for the company. Scotiabank reduced their price target on shares of Lineage from $94.00 to $76.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut shares of Lineage from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $78.00 to $75.00 in a research note on Friday, December 20th. Finally, Robert W. Baird cut their target price on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lineage currently has an average rating of “Moderate Buy” and an average target price of $88.50.

Lineage Stock Performance

Shares of NASDAQ LINE opened at $59.00 on Monday. The company has a 50 day simple moving average of $65.85. Lineage, Inc. has a 52-week low of $56.67 and a 52-week high of $89.85. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of $0.78 by ($3.22). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. On average, equities analysts forecast that Lineage, Inc. will post 3 earnings per share for the current year.

Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a $0.5275 dividend. 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 Tuesday, December 31st.

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.