Blackstone Digital Infrastructure Trust (NYSE:BXDC) Rating Increased to Hold at Zacks Research

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by equities researchers at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

BXDC has been the subject of several other research reports. Wells Fargo & Company assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “overweight” rating and a $26.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “buy” rating and a $24.00 target price for the company. Citigroup assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $23.00 target price for the company. Moffett Nathanson assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $21.00 target price for the company. Finally, BNP Paribas Exane assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “outperform” rating and a $26.00 target price for the company. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.79.

Blackstone Digital Infrastructure Trust Stock Performance

NYSE:BXDC opened at $21.81 on Tuesday. Blackstone Digital Infrastructure Trust has a 52-week low of $19.60 and a 52-week high of $22.90.

Insider Buying and Selling

In other Blackstone Digital Infrastructure Trust news, Director Diane M. Morefield purchased 5,000 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director directly owned 12,500 shares of the company’s stock, valued at $250,000. This represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicholas L. Pell purchased 25,000 shares of the stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $20.00 per share, with a total value of $500,000.00. Following the acquisition, the insider directly owned 25,000 shares in the company, valued at $500,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 9,557,295 shares of company stock worth $191,145,900 over the last ninety days.