Centersquare Investment Management LLC Buys 98,391 Shares of Lineage, Inc. (NASDAQ:LINE)

Centersquare Investment Management LLC grew its stake in Lineage, Inc. (NASDAQ:LINE) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,288,601 shares of the company’s stock after buying an additional 98,391 shares during the period. Centersquare Investment Management LLC owned approximately 0.56% of Lineage worth $75,473,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after buying an additional 448 shares during the last quarter. Franklin Resources Inc. bought a new stake in Lineage during the fourth quarter valued at about $208,000. Stifel Financial Corp acquired a new stake in shares of Lineage in the third quarter valued at about $211,000. MetLife Investment Management LLC bought a new position in shares of Lineage in the third quarter worth about $226,000. Finally, EntryPoint Capital LLC bought a new position in shares of Lineage in the fourth quarter worth about $289,000.

Lineage Stock Down 3.6 %

Shares of LINE stock opened at $56.41 on Friday. Lineage, Inc. has a 12-month low of $52.75 and a 12-month high of $89.85. 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 price of $58.42 and a 200 day moving average price of $64.29.

Lineage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, March 31st.

Wall Street Analyst Weigh In

LINE has been the topic of a number of research analyst reports. Piper Sandler lowered their target price on Lineage from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Robert W. Baird lowered their price objective on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Mizuho cut their target price on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank raised their price target on shares of Lineage from $73.00 to $74.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.67.

Insider Transactions at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the purchase, the chairman now owns 24,317 shares in the company, valued at $1,471,178.50. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

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.