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

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have earned a consensus recommendation of “Hold” from the fourteen research 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 12 month price target among analysts that have updated their coverage on the stock in the last year is $23.7083.

Several equities analysts have commented on BXDC shares. JPMorgan Chase & Co. started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set a “neutral” rating and a $23.00 price objective for the company. Bank of America initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a “neutral” rating and a $22.50 target price on the stock. BMO Capital Markets decreased their target price on shares of Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 4th. BNP Paribas Exane started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Weiss Ratings downgraded shares of Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday.

Blackstone Digital Infrastructure Trust Stock Performance

NYSE:BXDC opened at $19.37 on Wednesday. Blackstone Digital Infrastructure Trust has a 1 year low of $19.20 and a 1 year high of $22.90. The business has a 50 day moving average price of $20.28.

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

Institutional Investors Weigh In On Blackstone Digital Infrastructure Trust

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

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.