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

2. Equinix Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 55

Equinix Inc. (NASDAQ:EQIX) is a leading data center REIT. The firm was formed in 1998 as a vendor-neutral multi-tenant 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 an unrivaled global ecosystem that surpasses its next 10 competitors combined. The firm 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. Equinix posted a solid $8.1 billion in 2023 global revenues. Financials remain robust for the firm as it has witnessed 87 consecutive quarters of top-line revenue growth, the longest streak of any S&P500 company.

Equinix Inc. (NASDAQ:EQIX) closed a good Q3 with quarterly revenues increasing 7% over the same quarter last year to $2.2 billion. The firm has also been investing across its global operations to support the digital infrastructure needs of customers. Equinix currently has 57 major projects underway across 22 countries, including 13 xScale projects, that represent over 22,000 cabinets of retail capacity and over 100 megawatts of xScale capacity to be delivered through the end of 2025.

With digital infrastructure becoming crucial to delivering services globally, Equinix Inc. (NASDAQ:EQIX) is in an attractive spot to capitalize on the opportunities lying ahead. As of Q3, the company is held by 55 hedge funds, thereby ranking among the 10 best real estate and realty stocks to buy according to hedge funds.