Wall Street Zen Upgrades Blackstone Digital Infrastructure Trust (NYSE:BXDC) to Hold

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently commented on the company. Zacks Research upgraded Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued a “buy” rating and a $24.00 price objective for the company. Morgan Stanley began coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Wednesday, June 10th. They set an “equal weight” rating and a $23.00 price target on the stock. Sanford C. Bernstein began coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Royal Bank Of Canada assumed coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set an “outperform” rating and a $24.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Blackstone Digital Infrastructure Trust has a consensus rating of “Hold” and a consensus price target of $23.71.

Blackstone Digital Infrastructure Trust Trading Up 0.2%

Shares of BXDC stock opened at $19.99 on Friday. The business has a 50-day moving average price of $20.72. Blackstone Digital Infrastructure Trust has a fifty-two week low of $19.20 and a fifty-two week high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Equities research analysts expect that Blackstone Digital Infrastructure Trust will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blackstone Digital Infrastructure Trust

Several hedge funds have recently added to or reduced their stakes in BXDC. Readystate Asset Management LP bought a new stake in Blackstone Digital Infrastructure Trust during the 2nd quarter worth about $1,127,000. Fund 1 Investments LLC bought a new stake in shares of Blackstone Digital Infrastructure Trust during the second quarter worth approximately $2,731,000. Finally, Wellington Management Group LLP acquired a new position in Blackstone Digital Infrastructure Trust in the second quarter valued at approximately $83,382,000.

About Blackstone Digital Infrastructure Trust

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.