Blackstone Digital Infrastructure Trust Inc.’s Lock-Up Period Set To Expire on November 10th (NYSE:BXDC)

Blackstone Digital Infrastructure Trust’s (NYSE:BXDC) lock-up period is set to expire on Tuesday, November 10th. Blackstone Digital Infrastructure Trust had issued 87,500,000 shares in its public offering on May 14th. The total size of the offering was $1,750,000,000 based on an initial share price of $20.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BXDC. Citigroup upgraded Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $23.00 to $20.00 in a research report on Monday, October 12th. Weiss Ratings cut Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Wall Street Zen raised Blackstone Digital Infrastructure Trust to a “hold” rating in a research report on Saturday, August 29th. Finally, BMO Capital Markets dropped their price target on Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.46.

Blackstone Digital Infrastructure Trust Price Performance

Shares of BXDC opened at $16.11 on Thursday. Blackstone Digital Infrastructure Trust has a fifty-two week low of $15.41 and a fifty-two week high of $22.90. The company has a fifty day simple moving average of $18.02.

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

Institutional Trading of Blackstone Digital Infrastructure Trust

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new stake in Blackstone Digital Infrastructure Trust in the 2nd quarter valued at about $83,382,000. Pictet Asset Management Holding SA increased its stake in shares of Blackstone Digital Infrastructure Trust by 6.7% during the 3rd quarter. Pictet Asset Management Holding SA now owns 444,275 shares of the company’s stock valued at $7,704,000 after acquiring an additional 28,068 shares during the last quarter. State Street Corp acquired a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at about $9,303,000. Asset Management One Co. Ltd. lifted its holdings in shares of Blackstone Digital Infrastructure Trust by 2,525.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 127,128 shares of the company’s stock worth $2,204,000 after acquiring an additional 122,285 shares during the period. Finally, Fund 1 Investments LLC purchased a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter worth about $2,731,000.

About Blackstone Digital Infrastructure Trust

Blackstone Digital Infrastructure Trust is an investment vehicle sponsored by Blackstone that focuses on digital infrastructure assets. Its investment strategy is centered on infrastructure that supports the growth of data usage, cloud computing, artificial intelligence, mobile connectivity and other digital services.

The trust may invest in assets such as data centers, fiber-optic networks, wireless infrastructure and related digital facilities. These assets provide the physical capacity and connectivity required by businesses, telecommunications providers, cloud platforms and other technology users.

Blackstone Digital Infrastructure Trust is part of Blackstone’s broader digital infrastructure investment platform, which seeks opportunities in markets where demand for data storage, processing and transmission is expanding.