In this article, we discuss 5 dividend stocks to buy according to Bryan Hinmon’s Motley Fool Asset Management. If you want to read our detailed analysis of the hedge fund’s past performance and its recent developments, go directly to read 10 Dividend Stocks to Buy According to Bryan Hinmon’s Motley Fool Asset Management.
5. Equinix, Inc. (NASDAQ:EQIX)
Motley Fool Asset Management’s Stake Value: $15,576,000
Dividend Yield as of June 17: 1.96%
Number of Hedge Fund Holders: 40
Equinix, Inc. (NASDAQ:EQIX) is an American real estate investment trust that specializes in internet connection and data centers. In May, the company announced the expansion of its operations in Latin America with the acquisition of four data centers in Chile and one additional data center in Peru. The enterprise value for these five data centers is over $735 million.
On April 27, Equinix, Inc. (NASDAQ:EQIX) announced a quarterly dividend of $3.10 per share, with a dividend yield of 1.96%, recorded on June 17. The company raised its quarterly dividend in February this year by 8%. BMO Capital mentioned Equinix, Inc. (NASDAQ:EQIX) in its May investors’ note, raising concerns about the company’s pricing power and the competitive environment. The firm lowered its price target on the stock to $770, with a Market Perform rating on the shares.
At the end of Q1 2022, Motley Fool owned 21,003 shares in Equinix, Inc. (NASDAQ:EQIX), valued at nearly $15.6 million. The company represented 1.14% of Bryan Hinmon’s portfolio.
At the end of March 2022, 40 hedge funds in Insider Monkey’s database owned stakes in Equinix, Inc. (NASDAQ:EQIX), down from 45 in the previous quarter. The collective value of these stakes is over $1.2 billion.