5 Best Dividend Stocks to Buy According to Billionaire Paul Tudor Jones

2. Colony Credit Real Estate, Inc. (NYSE: CLNC)

Dividend Yield: 14.08%
Value: $249,000
Percent of Paul Tudor Jones’ 13F Portfolio: 0.007%
No. of hedge Fund Holders: 10

Colony Credit Real Estate, Inc. (NYSE: CLNC) is a commercial real estate credit REIT that manages a diversified portfolio of net lease real estate investments and real estate debt.

Last month, Matt Howlett, an analyst at B.Riley, initiated coverage on the stock and gave it a “Buy” rating. He has a price target of $11. Colony Credit ended its management agreement with Colony Capital, Inc. (NYSE: CLNY) and will now internalize it. Colony Capital will receive $102.3 million as part of the agreement. The internalization will help Colony Credit save $14 million to $16 million every year, which is $0.10 to $0.12 per share.

Colony Credit Real Estate, Inc. (NYSE: CLNC) has given a return of 92.58% over past one year to investors.