Lineage, Inc.’s (NASDAQ:LINE) Lock-Up Period Set To Expire on January 21st

Lineage’s (NASDAQ:LINE) lock-up period is set to expire on Tuesday, January 21st. Lineage had issued 56,882,051 shares in its IPO on July 25th. The total size of the offering was $4,436,799,978 based on an initial share price of $78.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

LINE has been the topic of several analyst reports. Mizuho lowered their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada lowered their price target on Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. BNP Paribas initiated coverage on shares of Lineage in a research note on Tuesday. They issued a “neutral” rating and a $61.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. Finally, Robert W. Baird lowered their price objective on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lineage currently has an average rating of “Moderate Buy” and an average price target of $85.76.

Lineage Price Performance

Shares of NASDAQ LINE opened at $54.35 on Thursday. The firm’s fifty day moving average is $61.47. Lineage has a 52-week low of $52.75 and a 52-week 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.

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

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LINE. Oak Thistle LLC acquired a new stake in Lineage in the fourth quarter worth about $391,000. GAMMA Investing LLC increased its position in Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after purchasing an additional 448 shares during the period. JPMorgan Chase & Co. acquired a new stake in Lineage in the third quarter worth about $12,542,000. Principal Financial Group Inc. acquired a new stake in Lineage in the third quarter worth about $173,115,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Lineage in the third quarter worth about $7,804,000.

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.