Colony Capital Inc. Invests $1.75 Million in Equinix Inc (NASDAQ:EQIX)

Colony Capital Inc. bought a new position in shares of Equinix Inc (NASDAQ:EQIX) in the fourth quarter, Holdings Channel reports. The fund bought 3,000 shares of the financial services provider’s stock, valued at approximately $1,751,000. Equinix makes up approximately 1.6% of Colony Capital Inc.’s portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its stake in Equinix by 204.8% in the third quarter. Valeo Financial Advisors LLC now owns 128 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 86 shares in the last quarter. Exane Derivatives raised its stake in Equinix by 3,536.4% in the third quarter. Exane Derivatives now owns 400 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 389 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Equinix by 48.2% in the third quarter. CIBC Private Wealth Group LLC now owns 102,917 shares of the financial services provider’s stock valued at $59,362,000 after purchasing an additional 33,495 shares in the last quarter. Signaturefd LLC raised its stake in Equinix by 12.3% in the third quarter. Signaturefd LLC now owns 255 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 28 shares in the last quarter. Finally, Advisor Partners LLC raised its stake in Equinix by 12.3% in the third quarter. Advisor Partners LLC now owns 2,065 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 226 shares in the last quarter. 99.37% of the stock is owned by institutional investors.

EQIX has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed a “positive” rating and issued a $665.00 price target on shares of Equinix in a research note on Thursday. Stifel Nicolaus boosted their price target on Equinix from $620.00 to $680.00 and gave the company a “buy” rating in a research note on Thursday. BidaskClub raised Equinix from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Oppenheimer boosted their price target on Equinix from $550.00 to $650.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, UBS Group boosted their price target on Equinix from $630.00 to $695.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $609.00.

Shares of NASDAQ EQIX opened at $645.45 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.33. The company has a market cap of $49.49 billion, a price-to-earnings ratio of 109.40, a PEG ratio of 2.03 and a beta of 0.64. Equinix Inc has a 12 month low of $399.57 and a 12 month high of $636.43. The stock has a 50-day moving average price of $593.77 and a two-hundred day moving average price of $565.00.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.10). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Equinix had a return on equity of 5.94% and a net margin of 9.03%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 EPS. On average, sell-side analysts predict that Equinix Inc will post 20.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $2.66 per share. This is an increase from Equinix’s previous quarterly dividend of $2.46. The ex-dividend date is Tuesday, February 25th. This represents a $10.64 annualized dividend and a yield of 1.65%. Equinix’s payout ratio is presently 47.56%.

In other news, insider Sara Baack sold 250 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $564.81, for a total transaction of $141,202.50. Following the sale, the insider now directly owns 7,922 shares in the company, valued at $4,474,424.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 200 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $557.29, for a total value of $111,458.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,159 shares of company stock valued at $10,149,833. Insiders own 0.49% of the company’s stock.

Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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