Vert Asset Management LLC Has $18.79 Million Stake in Equinix, Inc. $EQIX

Key Points

• Vert Asset Management LLC reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 3.4% during the second quarter, now holding investments worth approximately $18.79 million, which represents about 6.8% of its total portfolio.
• Equinix reported an earnings per share (EPS) of $9.91 for the last quarter, exceeding analysts' expectations by $6.42, while revenue saw a year-over-year increase of 4.5% to $2.26 billion.
• The company recently declared a quarterly dividend of $4.69 per share, reflecting an annualized yield of 2.4%, though its payout ratio is notably high at 183.74%.

Vert Asset Management LLC cut its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,621 shares of the financial services provider's stock after selling 838 shares during the period. Equinix makes up approximately 6.8% of Vert Asset Management LLC's investment portfolio, making the stock its 6th biggest position. Vert Asset Management LLC's holdings in Equinix were worth $18,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its position in shares of Equinix by 40.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 12 shares in the last quarter. Signaturefd LLC lifted its holdings in Equinix by 0.8% during the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock valued at $1,182,000 after purchasing an additional 12 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 12 shares during the last quarter. Gitterman Wealth Management LLC lifted its holdings in Equinix by 5.0% during the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 12 shares during the last quarter. Finally, Griffin Asset Management Inc. lifted its holdings in Equinix by 0.7% during the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock valued at $1,444,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EQIX has been the subject of several analyst reports. Mizuho cut their price target on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Truist Financial lifted their price target on shares of Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Bank of America cut their price target on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Finally, Scotiabank cut their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $962.52.

Equinix Stock Down 1.2%

Shares of NASDAQ:EQIX opened at $773.95 on Thursday. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a 50 day moving average of $782.97 and a 200-day moving average of $815.50. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $75.74 billion, a price-to-earnings ratio of 75.80, a P/E/G ratio of 1.40 and a beta of 0.92.

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

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's payout ratio is currently 183.74%.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

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.

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