Lineage (NASDAQ:LINE) Sets New 1-Year Low – Should You Sell?

Lineage, Inc. (NASDAQ:LINE)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $54.76 and last traded at $54.76, with a volume of 44965 shares. The stock had previously closed at $55.47.

Wall Street Analyst Weigh In

A number of brokerages have commented on LINE. Mizuho reduced their target price on Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Evercore ISI decreased their price objective on Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada dropped their target price on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. BNP Paribas initiated coverage on shares of Lineage in a research report on Tuesday. They issued a “neutral” rating and a $61.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on shares of Lineage from $104.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.76.

Lineage Trading Down 0.4 %

The firm has a 50-day moving average price of $61.47. 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 (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. Lineage’s revenue was up .5% on a year-over-year basis. Analysts predict that Lineage, Inc. will post 3 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Tuesday, December 31st.

Institutional Investors Weigh In On Lineage

A number of institutional investors have recently modified their holdings of the company. US Bancorp DE purchased a new position in Lineage during the 3rd quarter valued at about $25,000. Larson Financial Group LLC acquired a new stake in shares of Lineage during the third quarter worth about $34,000. GAMMA Investing LLC boosted its stake in shares of Lineage by 7,466.7% in the fourth 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. Spirit of America Management Corp NY acquired a new position in shares of Lineage in the third quarter valued at approximately $165,000. Finally, Stifel Financial Corp purchased a new stake in Lineage during the 3rd quarter worth approximately $211,000.

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.