Blackstone Digital Infrastructure Trust Inc. (BXDC) – What Are Analysts Saying About This Stock?

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $23.46.

A number of research firms have weighed in on BXDC. Wall Street Zen raised shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Saturday, August 29th. BMO Capital Markets decreased their price objective on shares of Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. Finally, Citigroup raised shares of Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $23.00 to $20.00 in a research note on Monday, October 12th.

Hedge Funds Weigh In On Blackstone Digital Infrastructure Trust

A number of large investors have recently bought and sold shares of BXDC. Farther Finance Advisors LLC acquired a new stake in Blackstone Digital Infrastructure Trust in the third quarter valued at approximately $102,000. Readystate Asset Management LP purchased a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at approximately $1,127,000. Squarepoint Ops LLC purchased a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at approximately $1,426,000. Fund 1 Investments LLC purchased a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at approximately $2,731,000. Finally, State Street Corp purchased a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at approximately $9,303,000.

Blackstone Digital Infrastructure Trust Stock Performance

NYSE:BXDC opened at $15.56 on Friday. The stock has a market cap of $1.57 billion and a price-to-earnings ratio of 111.14. The company’s 50 day moving average price is $19.16. Blackstone Digital Infrastructure Trust has a 1-year low of $15.53 and a 1-year high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last posted its earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. As a group, equities research analysts forecast that Blackstone Digital Infrastructure Trust will post 0.35 EPS for the current year.

Blackstone Digital Infrastructure Trust Company Profile

Blackstone Digital Infrastructure Trust is a REIT which focused on acquiring and owning mission-critical data center assets. Blackstone Digital Infrastructure Trust is based in NEW YORK.