Home Top Movers Is Colony Capital Inc (CLNY) stock transformation resulted in a minor loss...

Is Colony Capital Inc (CLNY) stock transformation resulted in a minor loss on Tuesday?

Colony Capital Inc. (CLNY) shares lost 0.94% on Tuesday, June 22, 2021, and closed at $8.42 per share. In the after-hours session, the CLNY stock price remained unchanged.

CLNY shares have risen 220.75% over the last 12 months, and they have moved up 7.59% in the past week. Over the past three months, the stock has gained 29.57%, while over the past six months, it has lost 78.95%.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Transformation of Colony Capital

On June 22, 2021, Colony Capital, Inc announced its further business transformation step and changed its name to DigitalBridge Group, Inc. Effective today, the Company will begin trading under a new NYSE ticker DBRG.

Read More

Hosting inaugural Investor Day

Colony Capital, Inc hosted its inaugural Investor Day virtually on Tuesday, June 22, 2021, started at 11:00 am ET.

On the investor day, Company’s leadership team outlined the fast-growing digital infrastructure thematics DigitalBridge is levered to and provide insight into how it is executing on these opportunities

The management team provided an update to the Company’s medium and longer-term financial outlook and guidance as well.

 Other Equity & Debt (OED) Portfolio SOLD

On June 7, 2021, Colony Capital, Inc signed an agreement to sell the bulk of its OED portfolio of real estate assets to Fortress Investment Group LLC (Fortress), for gross proceeds of $535 million.

Acquisition of Landmark Dividend LLC

On June 02, 2021, affiliates of Digital Colony Management, LLC completed the previously announced acquisition of Landmark Dividend LLC.

Landmark Dividend was a portfolio company of American Infrastructure Funds, Brock Capital Group, and AVG Holdings.

Participation in Virtual Investor Conferences in June

Colony Capitalexecutives recently participated in the following investor conferences.

  • The company took part in a fireside chat and conducted virtual meetings with investors at credit Suisse 23rd Annual Communications Conference which held on June 15, 2021.
  • Marc Ganzi, President and CEO, Colony Capital presented the company virtually at Nareit’s REITWeek: 2021 Virtual Investor Conference which held on June 8, 2021.
  • The company also participated at Wells Fargo Virtual Media & Telco Day: 5G & Streaming & Beyond which held on June 7, 2021.

Colony, Macquarie looking to sell Mexico Telecom Partners

Colony Capital Inc. unit Digital Colony and Macquarie Group Ltd. affiliate Macquarie Mexico Infrastructure fund are looking to sell Mexico Telecom Partners, according to some reputable sources.

Both companies hired an advisor to discuss MTP options after fielding unsolicited interest from potential suitors.

The MTP company can get up to $1 billion as it works with major carriers in Mexico and has more than 3,000 towers.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

The rebranding maybe the reason behind its minor loss on Tuesday. But we have to wait and see how the stock market reacts to its new name and transformation in the coming days.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

Best Inc. (BEST) stock gains during current market. Here’s the update?

Best Inc. (NASDAQ: BEST) stock rises by 5.45% during the current market. BEST Inc. is a prominent Chinese supplier of comprehensive smart supply chain...

Dolphin Entertainment Inc. (DLPN) stock rises during current market. Let’s find out why?

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock gains by 17.47% to $9.21 today in the current market trading. Dolphin Entertainment is a leading independent entertainment...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Related News

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Here is why GreenSky Inc. (GSKY) shares went up on Friday?

GreenSky Inc. (GSKY) shares were jumped 5.63% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $6.94 per share. in...

Here is why OPKO Health Inc. (OPK) stock plunged on Thursday?

OPKO Health Inc. (OPK) shares lost 7.24% in after-hours on Thursday, July 29, 2021, and closed the daily trading at $3.46 per share. in...

Why Electrameccanica Vehicles Corp. (SOLO) stock performed well on Wednesday?

Electrameccanica Vehicles Corp. (SOLO) shares gained 5.71% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $3.70 per share. in...

Encore Wire Corporation Inc. (WIRE) stock surges during current market. Here’s to know why?

Encore Wire Corporation Inc. (NASDAQ: WIRE) stock gained by 11.10% in the current market trading session. Encore Wire Corporation is a prominent manufacturer of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam