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

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) has earned an average recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $23.7917.

BXDC has been the topic of several research reports. Barclays started coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “overweight” rating and a $24.00 target price on the stock. Bank of America assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a “neutral” rating and a $22.50 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set a “buy” rating and a $24.00 price target for the company. Royal Bank Of Canada initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an “outperform” rating and a $24.00 price objective on the stock. Finally, BMO Capital Markets began coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set a “market perform” rating and a $23.00 target price for the company.

Insider Buying and Selling

In other Blackstone Digital Infrastructure Trust news, insider Anthony F. Marone, Jr. acquired 10,000 shares of the stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharine A. Keenan acquired 25,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $20.00 per share, with a total value of $500,000.00. Following the completion of the purchase, the director directly owned 25,000 shares in the company, valued at approximately $500,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 9,557,295 shares of company stock valued at $191,145,900 in the last three months.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of BXDC stock opened at $21.09 on Tuesday. The business has a fifty day moving average of $21.42. Blackstone Digital Infrastructure Trust has a 52 week low of $19.20 and a 52 week high of $22.90.