Blackstone Digital Infrastructure Trust (NYSE:BXDC) Rating Increased to Hold at BMO Capital Markets

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by investment analysts at BMO Capital Markets to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also commented on BXDC. BNP Paribas Exane assumed coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $23.00 target price on the stock. Royal Bank Of Canada assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “outperform” rating and a $24.00 target price on the stock. Citigroup assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Sanford C. Bernstein assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “outperform” rating and a $26.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Blackstone Digital Infrastructure Trust presently has a consensus rating of “Moderate Buy” and an average target price of $23.86.

Blackstone Digital Infrastructure Trust Stock Performance

BXDC opened at $22.07 on Monday. 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 Blackstone Digital Infrastructure Trust news, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of the purchase, the insider directly owned 9,111,800 shares in the company, valued at $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane M. Morefield purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director owned 12,500 shares of the company’s stock, valued at approximately $250,000. This represents a 66.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 9,557,295 shares of company stock valued at $191,145,900.