Lineage's (LINE) Sector Weight Rating Reiterated at KeyCorp

KeyCorp reaffirmed their sector weight rating on shares of Lineage (NASDAQ:LINE - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat reports. KeyCorp currently has a $84.00 price objective on the stock. KeyCorp also issued estimates for Lineage's Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $0.75 EPS, Q4 2026 earnings at $0.84 EPS and FY2026 earnings at $2.88 EPS.

Other equities analysts have also issued research reports about the company. Robert W. Baird dropped their price objective on Lineage from $70.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada decreased their target price on Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. UBS Group cut their price target on Lineage from $62.00 to $49.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. BNP Paribas set a $42.00 price objective on Lineage in a research note on Thursday, June 12th. Finally, Citigroup decreased their price objective on Lineage from $64.00 to $49.00 and set a "neutral" rating for the company in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.70.

Lineage Stock Up 1.1%

LINE traded up $0.49 on Tuesday, reaching $43.74. The company's stock had a trading volume of 1,317,004 shares, compared to its average volume of 1,210,208. The company has a market capitalization of $10.00 billion and a price-to-earnings ratio of -13.58. Lineage has a fifty-two week low of $41.88 and a fifty-two week high of $89.85. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $45.92 and a two-hundred day moving average of $53.55.

Lineage (NASDAQ:LINE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.34 billion. Lineage had a negative net margin of 11.88% and a negative return on equity of 7.24%. The company's revenue was down 2.7% on a year-over-year basis. As a group, analysts forecast that Lineage will post 2.34 EPS for the current fiscal year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Monday, June 30th. Lineage's dividend payout ratio is presently -65.53%.

Insiders Place Their Bets

In other Lineage news, Chairman Adam Matthew Schwartz Forste purchased 10,949 shares of Lineage stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $44.93 per share, with a total value of $491,938.57. Following the acquisition, the chairman directly owned 35,266 shares of the company's stock, valued at $1,584,501.38. This represents a 45.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sudarsan V. Thattai acquired 4,420 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average cost of $45.23 per share, for a total transaction of $199,916.60. Following the acquisition, the insider directly owned 4,420 shares of the company's stock, valued at $199,916.60. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 26,869 shares of company stock worth $1,194,980. Company insiders own 71.90% of the company's stock.

Institutional Trading of Lineage

Several hedge funds and other institutional investors have recently made changes to their positions in LINE. Norges Bank purchased a new position in Lineage in the fourth quarter valued at about $681,572,000. D1 Capital Partners L.P. grew its holdings in shares of 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 acquiring an additional 2,703,598 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Lineage by 75.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,364,697 shares of the company's stock worth $255,903,000 after acquiring an additional 1,880,587 shares during the period. Janus Henderson Group PLC increased its stake in Lineage by 92.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,233,219 shares of the company's stock valued at $189,380,000 after purchasing an additional 1,550,478 shares in the last quarter. Finally, Darlington Partners Capital Management LP purchased a new position in Lineage in the 4th quarter valued at approximately $90,491,000.

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.