Stryker shares tumble despite strong Q2 results and raised guidance
Adam Matthew Schwartz Forste, Co-Executive Chairman of Lineage, Inc. (NYSE:LINE), recently acquired a significant amount of the company’s stock. According to a recent SEC filing, Forste purchased a total of 24,317 shares on February 28, 2025. The transactions were executed at prices ranging from $59.86 to $61.13 per share, resulting in a total investment of approximately $1.47 million. The timing appears strategic, as InvestingPro data shows the stock has gained over 11% in the past week, though it remains 25% below its six-month high.
After these transactions, Forste directly owns 24,317 shares of Lineage, Inc. Additionally, Forste holds indirect interests in the company through AF Cold Promote Holdings and BG Lineage Holdings, LLC, with indirect ownership totaling over 157 million shares. These purchases reflect Forste’s continued confidence in Lineage, Inc., a real estate investment trust based in Novi, Michigan. The $15.27 billion company currently offers a 3.5% dividend yield, and while not profitable in the last twelve months, analysts expect a return to profitability this year. Get deeper insights into insider trading patterns and comprehensive financial analysis with a InvestingPro subscription, which includes access to detailed Pro Research Reports covering 1,400+ top stocks.
In other recent news, Lineage Inc. reported its fourth-quarter and full-year 2024 earnings, showing flat revenue at $5.34 billion. Despite this stagnation, the company projects adjusted EBITDA growth for 2025, estimating between $1.35 billion and $1.4 billion. Lineage has also launched a new warehouse execution system, LinOS, and opened a fully automated cold storage facility, highlighting its focus on technological advancement and operational efficiency. Goldman Sachs has adjusted its price target for Lineage Inc. to $71, maintaining a Buy rating, following the company’s recent earnings report and discussions with management. The analyst from Goldman Sachs noted that Lineage could outperform its peers in the Real Estate Investment Trust sector, projecting a growth rate of 6.1% in 2025. The optimistic outlook is attributed to Lineage’s cost efficiency and potential growth through strategic acquisitions. Analysts suggest that Lineage’s ability to deploy capital effectively could lead to earnings growth, especially if there is an increase in demand for cold storage. These developments indicate a strategic focus on growth and innovation for Lineage Inc.
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