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

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.7917.

Several research firms have commented on BXDC. Citigroup initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued a “neutral” rating and a $23.00 price objective for the company. Morgan Stanley initiated coverage on Blackstone Digital Infrastructure Trust in a research note on Wednesday, June 10th. They issued an “equal weight” rating and a $23.00 target price on the stock. Moffett Nathanson started coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a “neutral” rating and a $21.00 target price for the company. Bank of America initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set a “neutral” rating and a $22.50 price target 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 price target on the stock.

Insider Activity

In related news, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of the transaction, the insider owned 9,111,800 shares in the company, valued at $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony F. Marone, Jr. purchased 10,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $20.00 per share, with a total value of $200,000.00. Following the transaction, the insider owned 10,000 shares of the company’s stock, valued at $200,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 9,557,295 shares of company stock worth $191,145,900.

Blackstone Digital Infrastructure Trust Stock Performance

Blackstone Digital Infrastructure Trust stock opened at $20.96 on Friday. Blackstone Digital Infrastructure Trust has a fifty-two week low of $19.60 and a fifty-two week high of $22.90. The stock’s 50-day moving average price is $21.62.