Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Given Average Recommendation of “Hold” by Analysts

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.7917.

Several research analysts have issued reports on BXDC shares. JPMorgan Chase & Co. began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set a “neutral” rating and a $23.00 price target for the company. Zacks Research upgraded shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set an “outperform” rating and a $24.00 target price for the company. BMO Capital Markets initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a “market perform” rating and a $23.00 target price on the stock. Finally, BNP Paribas Exane assumed 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 price target on the stock.

Blackstone Digital Infrastructure Trust Trading Up 0.7%

Shares of BXDC stock opened at $21.92 on Friday. Blackstone Digital Infrastructure Trust has a one year low of $19.60 and a one year high of $22.90.

Insider Transactions at Blackstone Digital Infrastructure Trust

In other Blackstone Digital Infrastructure Trust news, 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 cost of $20.00 per share, with a total value of $200,000.00. Following the purchase, the insider directly owned 10,000 shares of the company’s stock, valued at $200,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas L. Pell bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the transaction, the insider owned 25,000 shares in the company, valued at $500,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 9,557,295 shares of company stock worth $191,145,900.