GRS Advisors LLC Acquires 232,687 Shares of Lineage, Inc. (NASDAQ:LINE)

GRS Advisors LLC boosted its holdings in Lineage, Inc. (NASDAQ:LINE - Free Report) by 223.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 336,954 shares of the company's stock after purchasing an additional 232,687 shares during the quarter. Lineage comprises 1.9% of GRS Advisors LLC's holdings, 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 institutional investors have also recently added to or reduced their stakes in LINE. GAMMA Investing LLC lifted its position in shares of Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock valued at $27,000 after acquiring an additional 448 shares during the period. FIL Ltd bought a new stake in Lineage in the fourth quarter valued at $29,000. Quarry LP acquired a new position in shares of Lineage during the fourth quarter valued at about $50,000. Stifel Financial Corp boosted its position in shares of Lineage by 30.5% during the 4th quarter. Stifel Financial Corp now owns 3,509 shares of the company's stock worth $206,000 after purchasing an additional 821 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Lineage in the 4th quarter valued at about $208,000.

Analyst Ratings Changes

A number of analysts have commented on LINE shares. Barclays initiated coverage on shares of Lineage in a research note on Wednesday, April 9th. They set an "overweight" rating and a $59.00 price target for the company. Morgan Stanley cut their price objective on shares of Lineage from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Bank of America cut shares of Lineage from a "buy" rating to a "neutral" rating and set a $49.00 price objective on the stock. in a research report on Tuesday. Evercore ISI cut their target price on Lineage from $68.00 to $59.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Finally, Citigroup started coverage on Lineage in a research note on Friday, March 28th. They issued a "neutral" rating and a $64.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lineage has an average rating of "Moderate Buy" and an average target price of $70.79.

Check Out Our Latest Stock Analysis on LINE

Insider Buying and Selling

In other Lineage news, Chairman Kevin Patrick Marchetti bought 11,500 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $43.75 per share, with a total value of $503,125.00. Following the completion of the acquisition, the chairman now owns 27,733 shares in the company, valued at $1,213,318.75. This trade represents a 70.84 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of Lineage stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the transaction, the chairman now directly owns 24,317 shares of the company's stock, valued at $1,471,178.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 40,237 shares of company stock worth $2,174,220. 1.40% of the stock is owned by insiders.

Lineage Stock Performance

LINE opened at $45.62 on Friday. The company has a 50 day simple moving average of $55.05 and a two-hundred day simple moving average of $59.33. 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 market cap of $10.41 billion and a P/E ratio of -14.17. Lineage, Inc. has a 1-year low of $42.05 and a 1-year high of $89.85.

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

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Monday, March 31st. Lineage's dividend payout ratio (DPR) is presently -65.53%.

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.

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