Blackstone Digital Infrastructure Trust (NYSE:BXDC) Raised to “Hold” at Zacks Research

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Morgan Stanley started coverage on Blackstone Digital Infrastructure Trust in a research note on Wednesday. They issued an “equal weight” rating and a $23.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “overweight” rating and a $26.00 price target on the stock. BNP Paribas Exane assumed coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set an “outperform” rating and a $26.00 price objective for the company. Citigroup assumed coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Barclays assumed coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set an “overweight” rating and a $24.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Blackstone Digital Infrastructure Trust has a consensus rating of “Hold” and a consensus target price of $23.79.

Blackstone Digital Infrastructure Trust Price Performance

Shares of BXDC opened at $21.81 on Tuesday. Blackstone Digital Infrastructure Trust has a 52-week low of $19.60 and a 52-week high of $22.90.

Insider Transactions at Blackstone Digital Infrastructure Trust

In other news, Director Diane M. Morefield acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director directly owned 12,500 shares of the company’s stock, valued at $250,000. The trade was a 66.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas L. Pell bought 25,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction on Friday, May 15th. The stock was purchased at an average price 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 represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 9,557,295 shares of company stock valued at $191,145,900 over the last three months.