Aew Capital Management Inc. Makes New Investment in Blackstone Digital Infrastructure Trust Inc. $BXDC

Key Points

• Aew Capital Management opened a BXDC position in the third quarter, buying 2.13 million shares worth about $37 million. The stake represented 2.12% of the company and 2.4% of the fund’s portfolio.
• Other institutions also added or initiated holdings, including Wellington Management, which acquired a stake valued at about $83.4 million in the second quarter.
• Analysts’ consensus rating is Hold, with an average price target of $23.46. BXDC opened at $16.85, within a 12-month range of $15.35 to $22.90.

Aew Capital Management Inc. bought a new position in shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,132,443 shares of the company's stock, valued at approximately $36,977,000. Blackstone Digital Infrastructure Trust makes up about 2.4% of Aew Capital Management Inc.'s investment portfolio, making the stock its 16th largest position. Aew Capital Management Inc. owned approximately 2.12% of Blackstone Digital Infrastructure Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BXDC. Wellington Management Group LLP acquired a new stake in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at approximately $83,382,000. State Street Corp acquired a new position in Blackstone Digital Infrastructure Trust during the second quarter worth $9,303,000. Pictet Asset Management Holding SA raised its holdings in Blackstone Digital Infrastructure Trust by 6.7% during the third quarter. Pictet Asset Management Holding SA now owns 444,275 shares of the company's stock worth $7,704,000 after purchasing an additional 28,068 shares during the last quarter. Fund 1 Investments LLC acquired a new position in Blackstone Digital Infrastructure Trust during the second quarter worth $2,731,000. Finally, Asset Management One Co. Ltd. boosted its position in Blackstone Digital Infrastructure Trust by 2,525.0% during the third quarter. Asset Management One Co. Ltd. now owns 127,128 shares of the company's stock worth $2,204,000 after purchasing an additional 122,285 shares in the last quarter.

Analyst Ratings Changes

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

Blackstone Digital Infrastructure Trust Stock Performance

NYSE:BXDC opened at $16.85 on Thursday. The company has a 50-day moving average price of $17.63. Blackstone Digital Infrastructure Trust Inc. has a 12-month low of $15.35 and a 12-month high of $22.90.

About Blackstone Digital Infrastructure Trust

Blackstone Digital Infrastructure Trust is a REIT which focused on acquiring and owning mission-critical data center assets. Blackstone Digital Infrastructure Trust is based in NEW YORK.

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