CIBC has initiated coverage on Equinix, a leading data center REIT, with an Outperform rating, highlighting its strong stock performance and attractive dividend. Despite challenges from rising interest rates and financing costs affecting REITs, long-term demand for digital infrastructure remains robust. Equinix's shares have risen nearly 29% year-to-date, reflecting investor confidence in the essential role of data centers. The outlook favors data center REITs like Equinix over more indebted tech providers, though financing risks persist.
Following CIBC's Outperform rating on Equinix, the stock trades at USD 985.75 on Pluang as of Oct 21, 2026 20:51 WIB, showing a slight 0.17% decline for the day. Equinix's market cap stands at $97.43 billion, with a dividend yield of 2.09%, reflecting steady investor interest in this data center REIT despite short-term market fluctuations.
