Real Estate Investing For Beginners: 11 Best Stocks To Buy

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

Number of Hedge Fund Holders: 44

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 are meant to support enterprises and service providers and to meet critical infrastructure needs. The firm was incorporated in Maryland in March 2004.

The company’s leading data center platform capitalizes on the growing global demand from a diversified customer base. Digital Realty Trust, Inc. (NYSE:DLR)  has a global footprint with local expertise and connectivity to the locations that matter most with more than 300 data centers across more than 25 countries and more than 50 global metros. The company has a proven track record of sustainable growth as it has witnessed 20 years of consecutive revenue growth. Since the company’s focus is on data centers, digital transformation is expected to drive strong demand.

The strength of demand for data center capacity can be seen in the second quarter results of Digital Realty Trust, Inc. (NYSE:DLR). With $164 million of new leasing executed in this quarter along with the last quarter’s record leasing, the firm saw a record first half of the year. With record new log-ins and near-record bookings in each of the zero-to-one-megawatt and interconnection categories, the company also recorded one of the strongest quarters ever in the zero-to-one-megawatt plus interconnection segment.

Digital Realty Trust, Inc. (NYSE:DLR) remains well-positioned to take advantage of the demand for data center capacity especially for larger capacity blocks in its core markets. The firm expects to accelerate top-line and bottom-line growth for the remainder of 2024 which is a positive sign. As of Q2, the stock is held by 44 hedge funds.