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On October 23, eight of the 25 analysts gave EQIX a “strong buy” rating, 14 gave it a “buy” rating, and the remaining three gave the stock a “hold.”

Equinix (EQIX) has a TTM price-to-AFFO ratio of 20.2x.

Equinix’s 2017 acquisition of 29 Verizon (VZ) data centers contributed $133.0 million to its second-quarter revenues of $1.26 billion.

The worldwide data center colocation market is expected to reach $62.3 billion by 2022 from $31.52 billion in 2017, representing a CAGR of 14.6%.

For Equinix, eight out of 20 analysts recommended a “strong buy,” 14 recommended a “buy,” and two recommended a “hold.”

On August 8, Equinix (EQIX) declared a regular quarterly cash dividend of $2.28 per share for the third quarter.

Over the last four months, analysts have maintained their “buy” recommendations on Equinix stock.

Based on market capitalization, Equinix is the world’s largest data center REIT with a market value of $35.2 billion.

In 2015, 2016 and 2017, Equinix paid regular cash dividend per share of $6.76, $7.00 and $8.00, respectively.

According to International Data Corporation, the total data generated worldwide is expected to cross 163 zettabytes by 2025 from 16.3 zettabytes in 2016.

Equinix’s 3Q17 funds from operations stood at $4.97 per share. Its expected FFO was $4.11 for a surprise of ~20.9%.

Equinix (EQIX) announced a dividend of $2.00 per share for 3Q17, leading to a total of $8.00 for 2017 and up from $7.00 in 2016.

Equinix (EQIX) had capex of $320.0 million in 3Q17, which included recurring capex of $45.0 million.

Equinix generated an ~30.0% yield on gross property, plant, and equipment on stabilized assets. It generated a ten-year shareholder return of ~18.0%.

Equinix’s 3Q17 revenues in the Americas rose 12% quarter-over-quarter and 40% year-over-year on an as-reported basis.

A data center requires a lot of power to run its operations. As a result, data center REITs rent their space to tenants mainly based on power capacity usage.