Lineage, Inc. to Issue Quarterly Dividend of $0.53 (NASDAQ:LINE)

Lineage, Inc. (NASDAQ:LINE) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.5325 per share on Wednesday, October 21st. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, September 30th.

Lineage Trading Down 0.6%

Shares of LINE opened at $38.49 on Wednesday. The stock has a market capitalization of $8.76 billion, a P/E ratio of -53.46 and a beta of 0.82. Lineage has a twelve month low of $31.33 and a twelve month high of $45.75. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $41.26 and a two-hundred day simple moving average of $39.85.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.98. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, research analysts anticipate that Lineage will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on LINE. Weiss Ratings raised Lineage from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Wells Fargo & Company boosted their target price on Lineage from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Scotiabank restated a “sector perform” rating and set a $45.00 target price on shares of Lineage in a report on Thursday, June 18th. Morgan Stanley lifted their price target on shares of Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Finally, Truist Financial boosted their price objective on shares of Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.20.

Lineage Company Profile

Lineage, Inc (NASDAQ: LINE) is a global real estate investment trust focused on temperature-controlled industrial properties and the food supply chain. The company owns, operates and develops a network of cold-storage facilities designed to preserve perishable products, including frozen and refrigerated food, from production through distribution and retail.

Lineage provides temperature-controlled warehousing, inventory management, transportation coordination and related supply-chain services.