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

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

Several research firms recently weighed in on BXDC. BNP Paribas Exane began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an “outperform” rating and a $26.00 price target on the stock. Sanford C. Bernstein started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set an “outperform” rating and a $26.00 price objective for the company. Zacks Research raised Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Tuesday, June 9th. Moffett Nathanson started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an “overweight” rating and a $26.00 price target for the company.

Blackstone Digital Infrastructure Trust Trading Up 3.0%

Shares of BXDC stock opened at $20.53 on Friday. The firm’s fifty day simple moving average is $20.82. Blackstone Digital Infrastructure Trust has a 12 month low of $19.20 and a 12 month high of $22.90.

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

Institutional Trading of Blackstone Digital Infrastructure Trust

A hedge fund recently bought a new stake in Blackstone Digital Infrastructure Trust stock. Wellington Management Group LLP purchased a new stake in shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,854,933 shares of the company’s stock, valued at approximately $83,382,000. Wellington Management Group LLP owned about 3.83% of Blackstone Digital Infrastructure Trust as of its most recent SEC filing.

Blackstone Digital Infrastructure Trust Company Profile

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.