State of Alaska Department of Revenue Invests $2.31 Million in Lineage, Inc. (NASDAQ:LINE)

State of Alaska Department of Revenue purchased a new stake in Lineage, Inc. (NASDAQ:LINE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,433 shares of the company’s stock, valued at approximately $2,306,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Seven Grand Managers LLC purchased a new position in Lineage during the 3rd quarter worth $24,298,000. Sequoia Financial Advisors LLC acquired a new position in shares of Lineage during the third quarter worth about $23,893,000. Renaissance Capital LLC purchased a new position in Lineage during the third quarter worth about $5,209,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Lineage in the third quarter valued at about $3,582,000. Finally, IFM Investors Pty Ltd purchased a new stake in Lineage in the 3rd quarter valued at approximately $1,122,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Baird R W raised Lineage to a “strong-buy” rating in a report on Monday, August 19th. Robert W. Baird assumed coverage on shares of Lineage in a research note on Monday, August 19th. They set an “outperform” rating and a $91.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lineage in a report on Monday, August 19th. They issued a “hold” rating and a $90.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and set a $94.00 price objective on shares of Lineage in a report on Tuesday, September 3rd. Finally, Evercore ISI dropped their target price on shares of Lineage from $90.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.50.

Lineage Trading Down 2.4 %

Shares of LINE opened at $72.27 on Friday. Lineage, Inc. has a fifty-two week low of $72.03 and a fifty-two week high of $89.85. The company has a fifty day moving average of $79.43. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 1.93.

Lineage Dividend Announcement

The firm also recently declared a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, September 30th.

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.