Cbre Investment Management Listed Real Assets LLC Sells 86,382 Shares of Equinix, Inc. (NASDAQ:EQIX)

Cbre Investment Management Listed Real Assets LLC cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 462,916 shares of the financial services provider's stock after selling 86,382 shares during the quarter. Equinix makes up 7.7% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its largest holding. Cbre Investment Management Listed Real Assets LLC owned about 0.48% of Equinix worth $436,479,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Equinix by 302.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider's stock valued at $960,820,000 after purchasing an additional 813,666 shares during the last quarter. Adelante Capital Management LLC increased its stake in shares of Equinix by 202.3% in the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider's stock valued at $456,441,000 after buying an additional 344,114 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Equinix in the fourth quarter valued at about $246,000. JPMorgan Chase & Co. lifted its position in Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock worth $1,188,180,000 after buying an additional 203,656 shares in the last quarter. Finally, abrdn plc grew its holdings in Equinix by 49.2% during the 4th quarter. abrdn plc now owns 464,840 shares of the financial services provider's stock worth $437,563,000 after acquiring an additional 153,215 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EQIX shares. Stifel Nicolaus boosted their target price on shares of Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. BMO Capital Markets dropped their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Truist Financial increased their price objective on Equinix from $935.00 to $1,090.00 and gave the company a "buy" rating in a research report on Friday, November 29th. Barclays upped their price target on Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a research note on Monday, November 18th. Finally, Oppenheimer raised their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $995.24.

Equinix Trading Up 1.2 %

Shares of Equinix stock traded up $10.98 during trading on Wednesday, hitting $921.02. 486,861 shares of the company were exchanged, compared to its average volume of 542,896. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $89.64 billion, a P/E ratio of 107.72, a price-to-earnings-growth ratio of 1.78 and a beta of 0.72. The firm's fifty day moving average price is $926.24 and its 200 day moving average price is $906.92.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. Equinix's payout ratio is 219.42%.

Insider Activity

In other news, insider Kurt Pletcher sold 341 shares of Equinix stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the transaction, the insider now owns 1,430 shares in the company, valued at $1,292,319.60. The trade was a 19.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the sale, the director now owns 17,669 shares in the company, valued at $16,117,838.49. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock worth $17,466,950 in the last 90 days. Corporate insiders own 0.27% of the company's stock.

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.