CLNY Stock – What Investors Should Know About Colony Capital
Colony Capital, Inc. (CLNY Stock ticker)) announced a corporate rebranding to DigitalBridge Group, Inc., and trades on the NYSE as DBRG Stock as of June 2021. Colony Capital, Inc. was a leading global real estate and investment management firm. The Company emerged from the January 2017 merger between Colony Capital, Inc., NorthStar Asset Management Group Inc., and NorthStar Realty Finance Corp. The resulting firm held significant property in the healthcare, industrial, and hospitality sectors. Employing opportunistic equity and debt investments, the company effectively engaged in institutional and retail investment management. The principal offices were in Los Angeles and New York.
In June of 2021, Colony Capital, Inc. (NYSE: CLNY) announced a corporate rebranding to DigitalBridge. Digital Colony, the Company’s digital infrastructure investment platform, also operates under the DigitalBridge brand. Effective June 22, 2021, the company’s name changed to DigitalBridge Group, Inc., and began trading under the new NYSE ticker symbol, DBRG.
A Closer Look at CLNY Stock
Colony Capital, Inc. (NYSE: CLNY) announced a corporate rebranding to DigitalBridge, taking effect on June 22, 2021. Digital Colony, the company’s digital infrastructure investment platform, was also renamed DigitalBridge. As part of the transformation, the company’s name changed to DigitalBridge Group, Inc. Also, it began trading under the new NYSE ticker symbol, DBRG, on June 22, 2021.
The new name reflects the significant business transformation the Company has undergone. The leadership and board of directors made the bold decision to chart a new direction years ago. Steadily, they have realigned a diversified real estate investment firm to focus exclusively on the fast-growing digital infrastructure sector. The name, DigitalBridge, re-establishes and renews the original Digital Bridge, which merged with the Company in 2019. It captures the company’s heritage as an early innovator in digital infrastructure. At the same time, it looks forward to a fully digital, interconnected future.
“The vision we crafted, bringing a digital infrastructure platform built on two decades of operating experience and deep industry relationships together with an institutional capital formation capability and global enterprise-grade operations, has reached its next phase. Today as one company, DigitalBridge, we’re a unique digital infrastructure business, with both the operating DNA and access to institutional capital that positions us to execute globally on a converging digital infrastructure ecosystem. We are poised to build, operate, and finance a new era in connectivity, leveraging a single platform focused on the full spectrum of digital infrastructure including towers, data centers, fiber, and small cells.” (Source: Marc Ganzi, President and CEO of Colony Capital and CEO of Digital Colony)
CLNY Stock Changes Name and Ticker Symbol – Not Fundamentals
DigitalBridge Group, Inc. is a global real estate investment trust. The company owns, operates, and invests in digital infrastructure and real estate. It makes investments in five major sectors: data centers, cell towers, fiber networks, tiny cells, and edge infrastructure. Thomas Joseph Barrack, Jr. created the company in 1991, and it is headquartered in Boca Raton, Florida.
Digital Colony is a multinational investment platform specializing in digital infrastructure. The platform manages a $32 billion portfolio of digital infrastructure assets on behalf of its shareholders and limited partners. It boasts over 90 investment and operating professionals with over 25 years of experience. The company invests in operating businesses across the digital ecosystem, including towers, data centers, fiber, and small cells.
- Digital Equity – The equity strategy invests globally in opportunities that exhibit rigorous, established investment structures. Opportunities are founded on deep sector experience and contacts. Investments are in collaboration with top firms and management teams.
- DigitalBridge Credit – The credit platform is headed by a dedicated team of investment professionals. They draw on DigitalBridge’s extensive operational and investment experience. Credit financing services are provided to the global Digital Infrastructure industry. The private credit strategy collaborates with corporate borrowers and entrepreneurs to unlock value.
- Liquid Strategies – Liquid strategies use the DigitalBridge platform’s network and intellectual capital. Combined, they synergistically help to develop concentrated portfolios of high-quality, undervalued businesses. These investments occupy digital infrastructure, real estate, and Technology, Media, and Telecom (TMT) realms.
CLNY Stock/DigitalBridge DBRG – SEC Filings
DigitalBridge Group, Inc. is incorporated in the state of Maryland. DigitalBridge Group, Inc is primarily in the business of real estate investment trusts. For financial reporting, their fiscal year ends on December 31st. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by DigitalBridge Group, Inc.
Initially, under the name Colony Capital Inc, the company remains a global real estate and investment management firm. The company divides its operations into three divisions: real estate equity, real estate debt, and investment management. The asset portfolio and total income production of Colony Capital are principally divided between its real estate equity and real estate debt businesses. The revenue generated by the real estate equity arm is mostly from investments in light industrial real estate. These assets are located in the United States and Europe. The real estate debt group primarily earns interest on loans and debt securities that it purchases or originates. These are primarily senior and subordinated commercial mortgage-backed securities collateralized by properties in the United States. (Source: sec.gov)
DigitalBridge – Investor Relations
Meta Materials trades on the Nasdaq Exchange using the META Stock ticker symbol. The company’s online portal provides essential information to investors and shareholders.
- DigitalBridge Group Inc. Headquarters
750 Park of Commerce Drive, Suite 210
Boca Raton, FL 33487, Ph# 561-570-4644
- DigitalBridge Corporate WebSite – digitalbridge.com
- Investor Relations – ir.digitalbridge.com
- DigitalBridge Group News & events – ir.digitalbridge.com/news-releases
DigitalBridge Reinstates Quarterly Dividend
DigitalBridge Group, Inc. (NYSE: DBRG) announced that its Board of Directors has reinstated the Company’s quarterly dividend. It is a cash dividend of $0.01 per share to be paid on October 17, 2022. It is available to stockholders who were on the books on September 30, 2022.
“We are pleased to follow through on another commitment to our shareholders and reinstate our quarterly cash dividend. Successful execution against our strategic objectives has strengthened DigitalBridge’s cash flow profile and significantly improved our long-term earnings potential. While management continues to prioritize reinvesting capital in the company’s growth-focused strategy, the addition of a dividend enhances total shareholder return.” (Source: said Marc Ganzi, CEO of DigitalBridge)
Up Next: TRCH Stock – What Investors Should Know
Oil and gas explorer Torchlight Energy Resources (TRCH Stock) merged with Metamaterials to establish Meta Materials (NASDAQ: MMAT) in June 2021.
Torchlight Energy Resources (TRCH Stock) was founded in 2011. However, in 2021, the company merged with Metamaterials to become Meta Materials (NASDAQ: MMAT). As a result, TRCH stock was phased out and replaced by MMAT stock. It’s a significant shift that goes beyond names and stock tickers. Meta Materials develops functional materials and nanocomposites, whereas Torchlight Energy Resources was simply an oil and gas exploration business.