Wells Fargo & Company Upgrades Blackstone Digital Infrastructure Trust (NYSE:BXDC) to Strong-Buy

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by research analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Sanford C. Bernstein assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $26.00 price target on the stock. Barclays assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “overweight” rating and a $24.00 price target on the stock. Citigroup assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $23.00 price target on the stock. Moffett Nathanson assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $21.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $23.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.86.

Blackstone Digital Infrastructure Trust Stock Up 1.1%

Shares of BXDC opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a 12 month low of $19.60 and a 12 month high of $22.90.

Insider Activity

In related news, insider Nicholas L. Pell acquired 25,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the insider owned 25,000 shares of the company’s stock, valued at approximately $500,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony F. Marone, Jr. acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the acquisition, the insider directly owned 10,000 shares of the company’s stock, valued at approximately $200,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 9,557,295 shares of company stock valued at $191,145,900.