If You Invested $1,000 In Equinix Stock 20 Years Ago, How Much Would You Have Now?

Equinix, Inc. EQIX is a diversified data center landlord riding the artificial intelligence wave. Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East and Africa and 21% in Asia-Pacific.

Trending:

• Don’t miss out on the next NVIDIA – you can invest in the future of AI for only $10.
  **This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Innovation Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing. 
• Oprah, Madonna and DiCaprio have turned to the alternative asset that is outperforming the S&P 500. Discover the potential of this market before other investors.

If You Bought Equinix Stock 20 Years Ago

The company's stock traded around $32.45 per share 20 years ago. If you had invested $1,000, you could have bought approximately 31 shares of Equinix stock. Currently, shares are trading at $825.23, which means your investment's value could have soared to $25,431 because of stock price appreciation. But wait, the company also paid dividends during these 20 years. 

Equinix’s dividend yield is currently 2.05%. Over the last twenty years, it paid around $121.03 in dividends per share, which means you could have made $3,729 from dividends alone. 

Summing up $25,431 and $3,729, we end up with the final value of your investment, which is $29,160. This is how much you could have made if you had invested $1,000 in Equinix stock 20 years ago. This represents a total return of 2,816%. The S&P 500 total return for the same period is 575.39%.

What Could The Next 20 Years Bring? 

Equinix has a consensus rating of "Buy" and a price target of $844.15 based on the ratings of 29 analysts. The price target implies a potential upside of just around 2% from the current stock price.

According to our Benzinga Pro report, two analysts raised their price targets on Equinix earlier this month. Deutsche Bank increased its target to $910 from $880, reiterating its Buy rating, while TD Cowen raised the target to $865 from $859, maintaining its Buy rating. 

On Aug. 7, Equinix announced its Q2 2024 earnings results, posting an AFFO of $9.22, compared to the consensus estimate of $8.86. As per Benzinga, revenues came in at $2.16 billion, above the consensus of $2.159 billion.

Read More:

• A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.
  This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing. 
• Investor alert: Triple-net properties can put a check in your pocket every quarter—a can’t-miss opportunity for accredited investors.

“I am honored to lead Equinix’s exceptional team whose dedication enables us to consistently deliver against our strategy. Our strong performance in the second quarter, marked by record gross bookings, reinforces our belief that we are uniquely positioned to support our customers and partners in their business transformation agendas,” said Adaire Fox-Martin, CEO and President of Equinix.

As per the company's earnings announcement, it expects full-year revenues of $8.692 – $8.772 billion, an increase of 6–7% over the previous year.

AFFO per share is expected to be $34.67 – $35.30, an increase of 8–10% over the previous year or a normalized and constant currency increase of 9 – 11%.

Check out this article by Benzinga for two more dividend stocks to watch as the Fed weighs interest rate cuts.

Income-focused investors may find Equinix stock attractive, given a solid dividend yield of over 2% and consistent dividend hikes. Equinix has raised its dividend consecutively for the last 8 years.

Looking For Higher-Yield Opportunities?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider. 

For instance, the Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. Benzinga Readers: Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only).

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings.