GRS Advisors LLC Has $64.49 Million Position in Equinix, Inc. $EQIX

GRS Advisors LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 71.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 81,072 shares of the financial services provider’s stock after buying an additional 33,836 shares during the period. Equinix makes up 6.2% of GRS Advisors LLC’s portfolio, making the stock its 5th largest holding. GRS Advisors LLC’s holdings in Equinix were worth $64,490,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Valeo Financial Advisors LLC boosted its holdings in shares of Equinix by 298,148.6% during the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after acquiring an additional 8,154,365 shares during the period. Norges Bank bought a new position in shares of Equinix during the second quarter worth approximately $892,431,000. Vanguard Group Inc. lifted its holdings in Equinix by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock worth $10,443,758,000 after purchasing an additional 222,221 shares during the last quarter. State Street Corp lifted its holdings in Equinix by 3.7% during the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock worth $4,971,512,000 after purchasing an additional 220,981 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in Equinix in the 2nd quarter valued at $172,581,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several recent research reports. Morgan Stanley initiated coverage on Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective on the stock. BMO Capital Markets upgraded shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price target on the stock in a research note on Wednesday, December 3rd. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. TD Cowen boosted their price objective on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Citigroup restated a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $961.33.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $739.93 on Tuesday. The firm has a 50 day moving average of $792.20 and a 200-day moving average of $803.35. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $989.84. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $72.65 billion, a PE ratio of 67.76, a PEG ratio of 1.51 and a beta of 1.05.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the firm posted $9.05 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.5%. Equinix’s payout ratio is 171.79%.

Insider Buying and Selling at Equinix

In related news, insider Jonathan Lin sold 124 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total value of $90,666.32. Following the sale, the insider directly owned 8,299 shares of the company’s stock, valued at $6,068,062.82. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adaire Fox-Martin sold 2,894 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total value of $2,115,774.46. Following the transaction, the chief executive officer directly owned 12,366 shares of the company’s stock, valued at approximately $9,040,658.94. The trade was a 18.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,704 shares of company stock worth $6,617,748 over the last quarter. 0.27% of the stock is currently owned by company insiders.

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.