88,207 Shares of Blackstone Digital Infrastructure Trust Inc. $BXDC Acquired by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group acquired 88,207 shares of Blackstone Digital Infrastructure Trust in the third quarter, worth about $1.53 million and representing roughly 0.09% of the company.
• Other institutional investors also added or expanded BXDC positions, including Asset Management One, which increased its holdings by 2,525% to 127,128 shares.
• BXDC opened at $15.98; analysts’ consensus rating is “Hold,” with an average price target of $23.46. Analyst views include seven Buys, six Holds, and one Sell.

Sumitomo Mitsui Trust Group Inc. bought a new stake in Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 88,207 shares of the company's stock, valued at approximately $1,530,000. Sumitomo Mitsui Trust Group Inc. owned about 0.09% of Blackstone Digital Infrastructure Trust at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC bought a new position in Blackstone Digital Infrastructure Trust in the 3rd quarter valued at approximately $214,000. Asset Management One Co. Ltd. boosted its position in Blackstone Digital Infrastructure Trust by 2,525.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 127,128 shares of the company's stock worth $2,204,000 after buying an additional 122,285 shares during the period. Sowell Financial Services LLC bought a new stake in Blackstone Digital Infrastructure Trust during the 3rd quarter worth approximately $249,000. Sterling Capital Management LLC bought a new stake in Blackstone Digital Infrastructure Trust during the 3rd quarter worth approximately $36,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Blackstone Digital Infrastructure Trust during the 3rd quarter worth approximately $449,000.

Blackstone Digital Infrastructure Trust Price Performance

Shares of BXDC stock opened at $15.98 on Friday. The company has a market capitalization of $1.61 billion and a PE ratio of 114.14. The firm has a 50 day moving average of $17.83. Blackstone Digital Infrastructure Trust Inc. has a one year low of $15.35 and a one year high of $22.90.

Wall Street Analysts Forecast Growth

BXDC has been the subject of several analyst reports. Wall Street Zen raised shares of Blackstone Digital Infrastructure Trust to a "hold" rating in a research note on Saturday, August 29th. BMO Capital Markets reduced their price objective on shares of Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 4th. Weiss Ratings downgraded Blackstone Digital Infrastructure Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday, September 16th. Finally, Citigroup upgraded Blackstone Digital Infrastructure Trust from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $23.00 to $20.00 in a report on Monday, October 12th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $23.46.

Blackstone Digital Infrastructure Trust Company Profile

Blackstone Digital Infrastructure Trust is an investment vehicle sponsored by Blackstone that focuses on digital infrastructure assets. Its investment strategy is centered on infrastructure that supports the growth of data usage, cloud computing, artificial intelligence, mobile connectivity and other digital services.

The trust may invest in assets such as data centers, fiber-optic networks, wireless infrastructure and related digital facilities. These assets provide the physical capacity and connectivity required by businesses, telecommunications providers, cloud platforms and other technology users.

Blackstone Digital Infrastructure Trust is part of Blackstone's broader digital infrastructure investment platform, which seeks opportunities in markets where demand for data storage, processing and transmission is expanding.

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