Top 5 REIT Stocks Under $10

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

Number of Hedge Fund Holders: 10

Colony Credit Real Estate, Inc. (NYSE: CLNC) is a company whose approach in the real estate industry includes developing and acquiring real estate property. It also finances the development of property, as well as managing a vast portfolio that consists of net leased properties, as well as CRE debt investments.

10 hedge funds had a stake in Colony Credit in Q4 2020 led by Nut Tree Capital which had just over 6 million shares in Colony Credit.

  • Colony Credit recently revealed that its internal managing firm and subsidiary known as CLNC Manager, LLC signed a definitive deal to end its management agreement. The deal will allow Colony Credit to internalize its operating and management functions. The agreement will cause a reshuffling of the company’s board of directors. The board, which consists of five individuals, will be headed by independent chairperson Catherine D. Rice. Colony Credit CEO Michael J. Mazzei will be one of the board members.
  • Frank V. Saracino recently became the company’s new Treasurer and Chief Financial Officer.

Colony Credit is one of the top 10 best REIT stocks under $10 that investors should keep an eye on.