Blackstone Digital Infrastructure Trust (NYSE:BXDC) Raised to “Strong-Buy” at Barclays

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by equities research analysts at Barclays to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on BXDC. Wells Fargo & Company started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued an “overweight” rating and a $26.00 target price on the stock. Royal Bank Of Canada started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued an “outperform” rating and a $24.00 target price on the stock. Sanford C. Bernstein started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued an “outperform” rating and a $26.00 target price on the stock. Citigroup started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued a “buy” rating and a $24.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.86.

Blackstone Digital Infrastructure Trust Stock Up 1.1%

Shares of BXDC stock 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 Transactions at Blackstone Digital Infrastructure Trust

In related news, Director Katharine A. Keenan purchased 25,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $20.00 per share, with a total value of $500,000.00. Following the completion of the acquisition, the director owned 25,000 shares of the company’s stock, valued at $500,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas L. Pell purchased 25,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $20.00 per share, with a total value of $500,000.00. Following the completion of the acquisition, the insider directly owned 25,000 shares of the company’s stock, valued at $500,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 9,557,295 shares of company stock valued at $191,145,900 over the last quarter.