Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded by Sanford C. Bernstein to “Strong-Buy” Rating

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by equities researchers at Sanford C. Bernstein to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

BXDC has been the subject of several other reports. Wells Fargo & Company initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “overweight” rating and a $26.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “buy” rating and a $24.00 target price on the stock. Bank of America initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “neutral” rating and a $22.50 target price on the stock. BMO Capital Markets initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “market perform” rating and a $23.00 target price on the stock. Finally, BNP Paribas Exane initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Blackstone Digital Infrastructure Trust presently has an average rating of “Moderate Buy” and a consensus target price of $23.86.

Blackstone Digital Infrastructure Trust Trading Up 1.1%

Shares of BXDC stock opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a 12-month low of $19.60 and a 12-month high of $22.90.

Insider Activity at Blackstone Digital Infrastructure Trust

In other Blackstone Digital Infrastructure Trust news, Director Diane M. Morefield bought 5,000 shares of the 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 $100,000.00. Following the completion of the acquisition, the director owned 12,500 shares of the company’s stock, valued at $250,000. This trade represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of the purchase, the insider directly owned 9,111,800 shares of the company’s stock, valued at $182,236,000. The trade was a -2,529.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 9,557,295 shares of company stock valued at $191,145,900.