10 Best Real Estate and Realty Stocks To Buy According to Hedge Funds

1. Equinix Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 66

Equinix Inc. (NASDAQ:EQIX) is one of the largest digital infrastructure companies globally which specializes in in Internet connection and data centers. The REIT was formed in 1998 as a vendor-neutral multitenant data center provider. It currently serves 71 markets across 33 countries and 6 continents and enables businesses to scale across the world’s biggest network of interconnected data centers.

Equinix Inc. (NASDAQ:EQIX) has invested over $40 billion to create an unmatched global footprint of data centers. As reported by the company, its global ecosystem surpasses its next 10 competitors combined as it offers customers access to over 2,000 network services, more than 3,000 cloud and IT services, over 450 content and digital media services, and more than 4,800 enterprises. The REIT secured a solid $8.1 billion in 2023 global revenues.

The firm’s recent financial performance is definitely promising. 2024’s second quarter marked record gross bookings and its adjusted EBITDA surpassed the $1 billion quarterly threshold for the first time. Simultaneously, net income grew by 45% year-over-year. The scale and reach of its industry-leading data center services portfolio don’t end here. Equinix Inc. (NASDAQ:EQIX) has 54 major projects underway across 24 countries. Leveraging the growing digital opportunity of the fast-growing Southeast Asia region, the company has announced its entry into the Philippines while expanding into Malaysia and Indonesia

With digital infrastructure becoming crucial to delivering services globally, Equinix Inc. (NASDAQ:EQIX) has an ideal position to capitalize on the opportunities lying ahead. As of March 31, the company has held by 66 hedge funds which ranks it on the top of our 10 best real estate and realty stocks to buy according to hedge funds.

While we acknowledge the potential of Equinix Inc. (NASDAQ:EQIX) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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