GRS Advisors LLC Raises Holdings in Lineage, Inc. (NASDAQ:LINE)

GRS Advisors LLC grew its holdings in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 223.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 336,954 shares of the company's stock after purchasing an additional 232,687 shares during the quarter. Lineage makes up 1.9% of GRS Advisors LLC's investment portfolio, making the stock its 23rd largest holding. GRS Advisors LLC owned 0.15% of Lineage worth $19,735,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LINE. Norges Bank bought a new position in Lineage in the 4th quarter worth about $681,572,000. D1 Capital Partners L.P. boosted its stake in Lineage by 257.5% in the 4th quarter. D1 Capital Partners L.P. now owns 3,753,598 shares of the company's stock worth $219,848,000 after purchasing an additional 2,703,598 shares during the period. Principal Financial Group Inc. bought a new position in Lineage in the 3rd quarter worth about $173,115,000. Darlington Partners Capital Management LP bought a new position in Lineage in the 4th quarter worth about $90,491,000. Finally, Baillie Gifford & Co. boosted its stake in Lineage by 80.8% in the 4th quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock worth $181,484,000 after purchasing an additional 1,384,481 shares during the period.

Analysts Set New Price Targets

Several brokerages have commented on LINE. Royal Bank of Canada cut their target price on Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. UBS Group decreased their price objective on Lineage from $62.00 to $49.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Evercore ISI decreased their price objective on Lineage from $68.00 to $59.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Bank of America cut Lineage from a "buy" rating to a "neutral" rating and set a $49.00 price objective on the stock. in a report on Tuesday, May 6th. Finally, Robert W. Baird decreased their price target on Lineage from $70.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $70.05.

Lineage Stock Performance

Shares of NASDAQ LINE traded up $0.29 during trading on Thursday, hitting $46.15. The company had a trading volume of 20,829 shares, compared to its average volume of 1,258,415. The stock has a 50 day simple moving average of $54.17 and a 200 day simple moving average of $58.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage, Inc. has a 12 month low of $42.05 and a 12 month high of $89.85. The firm has a market capitalization of $10.55 billion and a P/E ratio of -14.32.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.34 billion. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts anticipate that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were issued a dividend of $0.5275 per share. The ex-dividend date was Monday, March 31st. This represents a $2.11 annualized dividend and a dividend yield of 4.57%. Lineage's dividend payout ratio (DPR) is -65.53%.

Insider Transactions at Lineage

In related news, insider Sudarsan V. Thattai bought 4,420 shares of the company's stock in a transaction dated Monday, May 5th. The stock was purchased at an average price of $45.23 per share, for a total transaction of $199,916.60. Following the acquisition, the insider now owns 4,420 shares in the company, valued at $199,916.60. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the company's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the acquisition, the chairman now owns 24,317 shares in the company, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 51,186 shares of company stock valued at $2,666,159 in the last ninety days. Corporate insiders own 1.40% of the company's stock.

Lineage 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.