Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Receives Average Rating of “Hold” from Analysts

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have earned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.7917.

Several research analysts have recently weighed in on BXDC shares. Moffett Nathanson started coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a “neutral” rating and a $21.00 price target on the stock. BNP Paribas Exane assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set an “outperform” rating and a $26.00 price objective for the company. Barclays started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set an “overweight” rating and a $24.00 target price for the company. Bank of America assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued a “neutral” rating and a $22.50 target price on the stock. Finally, Citigroup assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued a “neutral” rating and a $23.00 target price on the stock.

Blackstone Digital Infrastructure Trust Stock Performance

NYSE BXDC opened at $20.68 on Tuesday. The business has a 50 day moving average price of $21.28. Blackstone Digital Infrastructure Trust has a 1 year low of $19.20 and a 1 year high of $22.90.

Insider Activity at Blackstone Digital Infrastructure Trust

In related news, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the purchase, the insider directly owned 9,111,800 shares of the company’s stock, valued at $182,236,000. This trade represents a -2,529.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Diane M. Morefield bought 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director directly owned 12,500 shares of the company’s stock, valued at $250,000. This represents a 66.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 9,557,295 shares of company stock valued at $191,145,900 in the last ninety days.

Blackstone Digital Infrastructure Trust Inc is a real estate company in the Data Center REITs industry.