Equinix (EQIX), a data center REIT, has been in the news due to various reasons. It sold off shares yet underwent a significant appreciation in share value. However, the stock slumped when Hindenburg Research, an activist investor, short sold it. Despite being considered expensive, EQIX is viewed as a worthy investment due to its market stature and robust performance.
Its joint venture with
PGIM Real Estate for the first xScale® data center in the US, worth $600 million, has drawn attention while some uncertainty was created due to a short seller's report by Hindenburg. Despite the accusations of metric manipulation, EQIX remains a robust decision for portfolio investment, fair valued with a steady trend of rise.
A class-action investigation on behalf of shareholders has been commenced by Johnson Fistel. However, Q4 FFO estimates surpassing expectations and an increase in dividends exhibit EQIX's strength.
With a new Google executive as CEO and an increasing presence in international markets like Malaysia, Equinix seems poised for success. It also has been associated with Elon Musk's investment strategies and deemed a 'corona-proof' REIT.
The company continues to perform well despite criticisms about misleading earnings endangering the real estate sector.
Equinix Reit EQIX News Analytics from Tue, 15 Jan 2013 08:00:00 GMT to Thu, 16 May 2024 22:29:28 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 4
