Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently commented on BXDC. JPMorgan Chase & Co. started coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a “neutral” rating and a $23.00 target price for the company. Royal Bank Of Canada initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an “outperform” rating and a $24.00 price target on the stock. Bank of America started coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a “neutral” rating and a $22.50 price objective on the stock. BNP Paribas Exane initiated 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. Finally, Barclays began coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an “overweight” rating and a $24.00 target price for the company. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Blackstone Digital Infrastructure Trust currently has an average rating of “Hold” and a consensus target price of $23.71.

Blackstone Digital Infrastructure Trust Price Performance

Blackstone Digital Infrastructure Trust stock opened at $20.04 on Friday. The business’s 50-day moving average price is $20.69. Blackstone Digital Infrastructure Trust has a 52 week low of $19.20 and a 52 week high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. On average, equities analysts anticipate that Blackstone Digital Infrastructure Trust will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Readystate Asset Management LP purchased a new stake in shares of Blackstone Digital Infrastructure Trust in the second quarter valued at about $1,127,000. Fund 1 Investments LLC purchased a new stake in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at approximately $2,731,000. Finally, Wellington Management Group LLP acquired a new position in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at $83,382,000.

Blackstone Digital Infrastructure Trust Company Profile

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.