5 Dividend Paying REIT Stocks To Buy Now

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

Number of Hedge Fund Holders: 31

Dividend Yield as of July 22: 3.90%

Digital Realty Trust, Inc. (NYSE:DLR) invests in carrier-neutral data centers and provides colocation and peering services. As of July 2022, Digital Realty operates 167 data centers worldwide, of which 155 are in North America. As of July 22, Digital Realty Trust, Inc. (NYSE:DLR) is offering a forward yield of 3.90% and has trailing twelve-month free cash flows of $1.65 billion.

Wall Street is bullish on Digital Realty Trust, Inc. (NYSE:DLR). On June 30, Jefferies analyst Jonathan Petersen upgraded Digital Realty Trust, Inc. (NYSE:DLR) to Buy from Hold and raised his price target on the stock to $160 from $151. On July 1, Wells Fargo analyst Eric Luebchow reiterated a buy-side Overweight rating on Digital Realty Trust, Inc. (NYSE:DLR).

As of March 31, Jasper Ridge Partners is the largest stakeholder in Digital Realty Trust, Inc. (NYSE:DLR) and has stakes worth $92.51 million in the company. The investment covers 4.39% of the fund’s 13F portfolio.

At the close of the first quarter of 2022, 31 hedge funds held stakes in Digital Realty Trust, Inc. (NYSE:DLR). The total value of these stakes came in at $556.70 million, up from $409.09 million a quarter ago with 26 positions. The hedge fund sentiment for the stock is positive.