This High-Yielding REIT Just Got Riskier
Colony Capital (NYSE: CLNY) is a real estate investment trust (REIT) that has a huge 7% yield, more than three times what you would get from an S&P 500 Index fund. That yield is also more than twice what the REIT universe is offering, using Vanguard Real Estate Index ETF as a proxy. While dividend investors might find the high yield alluring, you need to step back and dig into the story before making a final call. A lot is changing as we speak. What it was and what it will be
Although originally founded in 1991, Colony Capital as it existed at the start of 2019 was essentially created in 2017 via the merger of three business. Although there were some other assets included in the mix, after the mergers it was basically a diversified REIT with notable assets in the healthcare, hospita ...