Chilton Capital Management LLC Has $28.16 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Chilton Capital Management LLC increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 42.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,214 shares of the financial services provider's stock after purchasing an additional 11,132 shares during the quarter. Equinix makes up approximately 1.3% of Chilton Capital Management LLC's holdings, making the stock its 21st largest holding. Chilton Capital Management LLC's holdings in Equinix were worth $28,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. CNB Bank grew its holdings in Equinix by 172.7% in the 1st quarter. CNB Bank now owns 30 shares of the financial services provider's stock valued at $25,000 after buying an additional 19 shares during the period. LRI Investments LLC purchased a new stake in Equinix in the 1st quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Equinix in the 2nd quarter valued at about $30,000. Rise Advisors LLC purchased a new stake in Equinix in the 1st quarter valued at about $39,000. Finally, Rational Advisors LLC purchased a new stake in Equinix in the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Up 1.9 %

EQIX stock traded up $15.62 during midday trading on Monday, hitting $834.36. 520,900 shares of the company's stock were exchanged, compared to its average volume of 552,090. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93. The firm has a 50 day moving average price of $794.62 and a 200-day moving average price of $794.50. The stock has a market capitalization of $79.19 billion, a price-to-earnings ratio of 83.69, a price-to-earnings-growth ratio of 2.03 and a beta of 0.68.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.88 by ($4.72). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the prior year, the firm earned $8.04 earnings per share. Equinix's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts anticipate that Equinix, Inc. will post 31.04 EPS for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be issued a $4.26 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.04%. Equinix's dividend payout ratio (DPR) is 170.91%.

Wall Street Analyst Weigh In

Several research firms have commented on EQIX. Deutsche Bank Aktiengesellschaft lifted their price target on Equinix from $880.00 to $910.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. The Goldman Sachs Group assumed coverage on Equinix in a research note on Monday, July 1st. They issued a "buy" rating and a $870.00 price objective on the stock. Royal Bank of Canada reduced their price objective on Equinix from $950.00 to $922.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 28th. Barclays lifted their price objective on Equinix from $669.00 to $671.00 and gave the company an "equal weight" rating in a research note on Thursday, May 30th. Finally, TD Cowen lifted their price objective on Equinix from $859.00 to $865.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Equinix has a consensus rating of "Moderate Buy" and an average price target of $876.71.

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.