Wells Fargo & Company Upgrades Blackstone Digital Infrastructure Trust (NYSE:BXDC) to Strong-Buy

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by equities research analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “market perform” rating and a $23.00 target price on the stock. Citigroup assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $23.00 target price on the stock. Barclays assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “overweight” rating and a $24.00 target price on the stock. BNP Paribas Exane assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Moffett Nathanson assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $21.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.86.

Blackstone Digital Infrastructure Trust Stock Up 1.1%

BXDC opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a fifty-two week low of $19.60 and a fifty-two week high of $22.90.

Insider Activity

In related news, insider Nicholas L. Pell bought 25,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction dated 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 transaction, the insider directly owned 25,000 shares of the company’s stock, valued at approximately $500,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the acquisition, the insider owned 9,111,800 shares in the company, valued at $182,236,000. This trade represents a -2,529.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 9,557,295 shares of company stock worth $191,145,900.