Equinix Reit (EQIX) navigates a turbulent market, marked by several significant developments. Enjoying a strong appreciation, it was sold by the Baron Real Estate Fund, but also faced a shock as stock slumped due to activist investor Hindenburg's short. Equinix was also a subject of Robbins LLP's reminder to investors about a class action against them. However, the company remains attractive with a high demand for AI driving its S&P 500 REIT xScale portfolio way above $8 billion. In terms of investment, Equinix is considered expensive, but rewarding. Equinix and Welltower Reit (WELL) are emerging as wise REIT investments before earnings. Equinix is further bolstering its position by entering a $600 million JV with PGIM Real estate for the first xScale Data Center in the U.S. Despite facing internal investigation and a DOJ subpoena, Equinix perseveres, foreseeing a 10% YTD rise. Hindenburg Research accuses the company of metrics manipulation. Johnson Fistel initiates a class action investigation on behalf of Equinix Shareholders. Nancy Pelosi's bet on Palo Alto Networks is seen as a bullish signal for REITs such as Equinix. The company faces risks, but holds a firm position as one of the best REIT stocks.
Equinix Reit EQIX News Analytics from Fri, 05 Jun 2015 04:59:52 GMT to Fri, 17 May 2024 20:10:04 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
