Top 5 REIT Stocks Under $10

1. Colony Capital, Inc. (NYSE: CLNY)

Number of Hedge Fund Holders: 21

Colony Capital, Inc. (NYSE: CLNY) is an investment company that operates a REIT whose portfolio consists of properties in hot segments in the real estate industry. The company’s portfolio consists of real estate property worth $52 billion. It is also well-diversified considering that $30 billion worth of its portfolio is real estate investments in the digital space courtesy of its digital infrastructure called Digital Colony.

21 hedge funds had a stake in Colony Capital in Q4 2020, and Oaktree Capital Management had the highest stake at 10.6 million shares.

• Colony Capital revealed in one of its latest announcements that it monetized a significant proportion of its equity and debt portfolio. The company sold 74% controlling interest in two prime office properties in the middle of Dublin. The shares were sold to Blackstone Property Partners Europe Holdings for $351 million.
• Colony also generated $102 million after selling its stake in Burlington Plaza.
• Colony finalized the sale of its remaining stake in six of the properties in its hospitality industry portfolio. They were sold to Highgate, and the sale represents the company’s decision to exit the hospitality segment. The sale will give Colony Capital more flexibility in its debt management activities.
• The developments, including the selling of stake in various assets, highlight the company’s efforts to maintain a portfolio that adapts to recent market changes. This strategy aims to maintain healthy returns to investors, and it makes Colony one of the top 10 REIT stocks for investors.

You can also take a peek at 10 Best Small-Cap Stocks to Buy Now and 15 Biggest Cloud Companies.

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