Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Given Average Recommendation of “Hold” by Brokerages

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.7083.

BXDC has been the subject of several recent research reports. Wall Street Zen upgraded Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Saturday, August 29th. Deutsche Bank Aktiengesellschaft started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued a “buy” rating and a $24.00 target price on the stock. BMO Capital Markets cut 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 note on Tuesday, August 4th. Bank of America started coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set a “neutral” rating and a $22.50 price target for the company. Finally, Royal Bank Of Canada assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an “outperform” rating and a $24.00 price target for the company.

Blackstone Digital Infrastructure Trust Price Performance

BXDC stock opened at $19.32 on Wednesday. Blackstone Digital Infrastructure Trust has a 12-month low of $19.20 and a 12-month high of $22.90. The business has a 50 day moving average of $20.37.

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

Institutional Trading of Blackstone Digital Infrastructure Trust

Large investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP acquired a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter worth $1,127,000. Squarepoint Ops LLC acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at $1,426,000. Fund 1 Investments LLC acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at $2,731,000. Finally, Wellington Management Group LLP bought a new stake in Blackstone Digital Infrastructure Trust in the second quarter worth $83,382,000.

Blackstone Digital Infrastructure Trust Company Profile

Blackstone Digital Infrastructure Trust, Inc is a digital infrastructure investment company sponsored by Blackstone. The trust focuses on owning and investing in essential infrastructure that supports the digital economy, including data centers and related facilities used by cloud-computing, telecommunications and technology businesses.

Its investments are intended to provide the physical capacity and connectivity required for data storage, processing and network services. The trust’s portfolio may include operating digital infrastructure assets as well as investments in companies that develop, own or manage those assets.

Blackstone Digital Infrastructure Trust is part of Blackstone’s broader global digital infrastructure platform.