LDR Capital Management LLC Raises Stock Position in Equinix, Inc. (NASDAQ:EQIX)

LDR Capital Management LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 31.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,849 shares of the financial services provider's stock after buying an additional 1,165 shares during the period. Equinix accounts for about 4.8% of LDR Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. LDR Capital Management LLC's holdings in Equinix were worth $3,954,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 73 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Equinix in the fourth quarter valued at about $2,027,000. Sierra Ocean LLC acquired a new stake in shares of Equinix in the fourth quarter valued at about $42,000. Catalyst Capital Advisors LLC grew its position in shares of Equinix by 1,412.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $342,000 after purchasing an additional 339 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Equinix by 3.7% in the 4th quarter. Sanctuary Advisors LLC now owns 18,378 shares of the financial services provider's stock valued at $16,946,000 after buying an additional 664 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EQIX shares. JMP Securities reissued a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research report on Friday, May 23rd. Scotiabank dropped their price target on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. New Street Research raised Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Truist Financial cut their price target on Equinix from $990.00 to $986.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, Cfra Research upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $1,004.80.

Equinix Stock Performance

EQIX stock opened at $886.76 on Wednesday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.20. The firm has a market cap of $86.74 billion, a PE ratio of 92.18, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The stock has a 50-day moving average price of $856.61 and a 200-day moving average price of $887.14.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating analysts' consensus estimates of $9.01 by $0.66. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the company earned $8.86 EPS. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.12%. Equinix's dividend payout ratio is presently 195.01%.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the sale, the director now owns 17,569 shares in the company, valued at approximately $15,274,664.29. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the transaction, the chief executive officer now directly owns 9,615 shares of the company's stock, valued at $8,508,409.65. This trade represents a 23.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,176 shares of company stock worth $2,808,008 over the last three months. 0.27% of the stock is owned by insiders.

Equinix Company Profile

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.

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