Blackstone Digital Infrastructure Trust (NYSE:BXDC) Raised to “Strong-Buy” at Barclays

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They set a “neutral” rating and a $23.00 target price for the company. Royal Bank Of Canada began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They set an “outperform” rating and a $24.00 target price for the company. BMO Capital Markets began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They set a “market perform” rating and a $23.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They set a “buy” rating and a $24.00 target price for the company. Finally, Bank of America began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They set a “neutral” rating and a $22.50 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.86.

Blackstone Digital Infrastructure Trust Trading Up 1.1%

Shares of BXDC stock opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a 1-year low of $19.60 and a 1-year high of $22.90.

Insider Transactions at Blackstone Digital Infrastructure Trust

In other news, insider Nicholas L. Pell acquired 25,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $20.00 per share, with a total value of $500,000.00. Following the purchase, the insider owned 25,000 shares in the company, valued at $500,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane M. Morefield acquired 5,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $20.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director owned 12,500 shares in the company, valued at $250,000. The trade was a 66.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 9,557,295 shares of company stock worth $191,145,900 in the last quarter.