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Sun Life Financial Inc. Acquires 2,145 Shares of Equinix, Inc. $EQIX
Sun Life Financial Inc. increased its stake in Equinix, Inc. by 19.1% in the third quarter, acquiring an additional 2,145 shares and now holding 13,401 shares valued at $10.496 million. Equinix recently raised its quarterly dividend to $5.16 per share, resulting in a 2.2% yield, though its payout ratio is high at 136.44%. Despite recent insider stock sales totaling $11.28 million, analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,001.41 for EQIX.