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

3. Digital Realty Trust, Inc. (NYSE:DLR)

Number of Hedge Fund Holders: 52

Digital Realty Trust, Inc. (NYSE:DLR) owns, operates, and invests in carrier-neutral data centers. The company delivers the full spectrum of data center, colocation, and interconnection solutions. These flexible, secure, and scalable data center solutions tend to support enterprises and service providers and meet critical infrastructure needs. DLR was incorporated in Maryland in March 2004.

DLR’s leading data center platform leverages the growing global demand from a diversified customer base. The firm’s global data center platform enables it to deliver value and security on six continents in over 25 countries and more than 50 metro areas. As of September 30, Digital Realty Trust serves as the 7^th largest publicly traded US REIT with an equity market capitalization of $55 billion.

For Q3, Digital Realty Trust, Inc. (NYSE:DLR) reported revenues of $1.4 billion, a 2% rise from the same quarter last year. Funds From Operations (FFO) was $1.55 in Q3, the same as the prior year. Leasing activity remained strong as the firm recorded over $520 million of new leasing, more than double the record set in the first quarter. In regards to investment activity, DLR closed on the acquisition of a 6.7-acre parcel in Richardson, Texas, other than the acquisition of the land and shell of one of its existing data centers in Schiphol Rijk, Amsterdam.

With embedded internal expertise as the world’s largest data center acquirer, developer, owner, and operator, Digital Realty Trust, Inc. (NYSE:DLR) is a promising stock that can benefit from the accelerating global data center demand. As of Q3, the stock is held by 52 hedge funds which ranks it 3^rd on our list of the best real estate and realty stocks to buy.