Equinix, Inc. $EQIX Stock Position Lessened by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. has reduced its stake in Equinix, Inc. by 7.5%, holding around 68,303 shares, which represents about 5.4% of its total portfolio.
• Equinix recently reported$2.26 billion.
• The company declared a quarterly dividend of $4.69 per share, yielding 2.4%, with a dividend payout ratio of 183.74%.

Uniplan Investment Counsel Inc. reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,303 shares of the financial services provider's stock after selling 5,566 shares during the period. Equinix comprises 5.4% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its biggest position. Uniplan Investment Counsel Inc. owned approximately 0.07% of Equinix worth $55,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 17 shares in the last quarter. Pinney & Scofield Inc. bought a new position in shares of Equinix during the fourth quarter valued at $28,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Equinix in the 1st quarter worth $30,000. Saudi Central Bank purchased a new stake in shares of Equinix during the first quarter worth about $31,000. Finally, Quarry LP bought a new position in Equinix during the first quarter valued at approximately $31,000. Institutional investors own 94.94% of the company's stock.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

Shares of Equinix stock traded up $1.06 during trading on Wednesday, reaching $780.60. The company's stock had a trading volume of 488,572 shares, compared to its average volume of 606,791. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market cap of $76.39 billion, a PE ratio of 76.45, a P/E/G ratio of 1.37 and a beta of 0.92. The company has a 50-day moving average price of $779.45 and a two-hundred day moving average price of $825.41.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EQIX shares. Mizuho cut their price target on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. UBS Group lowered their target price on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. The Goldman Sachs Group decreased their price target on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Finally, Truist Financial raised their target price on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Equinix has a consensus rating of "Buy" and an average price target of $962.52.

About Equinix

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.