Equinix, Inc. (NASDAQ:EQIX) Declares $4.26 Quarterly Dividend

Equinix, Inc. (NASDAQ:EQIX) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Shareholders of record on Wednesday, May 22nd will be given a dividend of 4.26 per share by the financial services provider on Wednesday, June 19th. This represents a $17.04 annualized dividend and a yield of 2.46%.

Equinix has raised its dividend by an average of 10.8% annually over the last three years and has increased its dividend every year for the last 8 years.

Equinix Trading Down 2.7 %

EQIX opened at $692.71 on Thursday. The stock has a market cap of $65.54 billion, a PE ratio of 67.19, a PEG ratio of 1.81 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average of $800.46 and a 200-day moving average of $802.10. Equinix has a 52 week low of $672.88 and a 52 week high of $914.93.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer raised their target price on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price for the company. in a research note on Wednesday, March 20th. Royal Bank of Canada raised their target price on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Morgan Stanley lowered their target price on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Finally, Wells Fargo & Company raised their target price on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $870.44.

Insider Buying and Selling

In related news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares in the company, valued at $19,314,307.26. The disclosure for this sale can be found here. Insiders sold 4,585 shares of company stock valued at $3,818,268 over the last 90 days. Company insiders own 0.27% of the company’s stock.

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.