Equinix, Inc. (EQIX) is Heitman Real Estate Securities LLC’s 8th Largest Position
Heitman Real Estate Securities LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 140.0% during the fourth quarter, Holdings Channel reports. The fund owned 135,487 shares of the financial services provider’s stock after purchasing an additional 79,024 shares during the period. Equinix makes up about 3.5% of Heitman Real Estate Securities LLC’s holdings, making the stock its 8th biggest holding. Heitman Real Estate Securities LLC’s holdings in Equinix were worth $61,405,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Edgewood Management LLC grew its holdings in shares of Equinix by 1.0% during the third quarter. Edgewood Management LLC now owns 1,862,778 shares of the financial services provider’s stock worth $831,358,000 after purchasing an additional 18,248 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Equinix by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,560,124 shares of the financial services provider’s stock worth $707,080,000 after purchasing an additional 67,029 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Equinix by 7.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,382,606 shares of the financial services provider’s stock worth $626,624,000 after purchasing an additional 93,181 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Equinix by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,092,554 shares of the financial services provider’s stock worth $487,600,000 after purchasing an additional 24,433 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Equinix by 2.2% during the fourth quarter. American Century Companies Inc. now owns 1,038,081 shares of the financial services provider’s stock worth $470,479,000 after purchasing an additional 22,030 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.
In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $457.84, for a total value of $686,760.00. Following the transaction, the chief financial officer now directly owns 26,196 shares of the company’s stock, valued at $11,993,576.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Earl Campbell sold 200 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $462.43, for a total value of $92,486.00. Following the completion of the transaction, the insider now directly owns 925 shares in the company, valued at $427,747.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,482 shares of company stock worth $15,507,697. Insiders own 0.58% of the company’s stock.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.87 by ($3.05). Equinix had a net margin of 5.33% and a return on equity of 6.54%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm posted $4.08 earnings per share. Equinix’s quarterly revenue was up 27.3% compared to the same quarter last year. equities research analysts anticipate that Equinix, Inc. will post 18.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, February 26th will be paid a $2.28 dividend. The ex-dividend date is Friday, February 23rd. This is a positive change from Equinix’s previous quarterly dividend of $2.00. This represents a $9.12 annualized dividend and a yield of 2.31%. Equinix’s payout ratio is 305.02%.
Several analysts have recently weighed in on the company. BidaskClub cut Equinix from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Barclays restated a “buy” rating and set a $500.00 price target on shares of Equinix in a report on Friday, February 16th. Credit Suisse Group set a $515.00 price objective on Equinix and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Wells Fargo & Co cut their price objective on Equinix from $510.00 to $485.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, Guggenheim set a $515.00 price objective on Equinix and gave the stock a “buy” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $499.00.
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Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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