Blackstone Digital Infrastructure Trust Inc.’s Lock-Up Period Set To Expire Tomorrow (NYSE:BXDC)

Blackstone Digital Infrastructure Trust’s (NYSE:BXDC) lock-up period will expire on Tuesday, November 10th. Blackstone Digital Infrastructure Trust had issued 87,500,000 shares in its IPO on May 14th. The total size of the offering was $1,750,000,000 based on an initial share price of $20.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

BXDC has been the topic of several recent analyst reports. Citigroup upgraded Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $23.00 to $20.00 in a report on Monday, October 12th. Weiss Ratings downgraded Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Wall Street Zen raised Blackstone Digital Infrastructure Trust to a “hold” rating in a research report on Saturday, August 29th. Finally, BMO Capital Markets decreased their price objective on 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. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Blackstone Digital Infrastructure Trust has an average rating of “Hold” and a consensus price target of $23.46.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of NYSE BXDC opened at $15.98 on Monday. The firm has a market cap of $1.61 billion and a price-to-earnings ratio of 114.14. Blackstone Digital Infrastructure Trust has a 1-year low of $15.35 and a 1-year high of $22.90. The business has a fifty day moving average of $17.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC acquired a new stake in Blackstone Digital Infrastructure Trust in the 3rd quarter valued at approximately $36,000. Farther Finance Advisors LLC bought a new stake in Blackstone Digital Infrastructure Trust in the 3rd quarter valued at approximately $102,000. Joel Isaacson & Co. LLC acquired a new position in Blackstone Digital Infrastructure Trust during the 3rd quarter worth approximately $207,000. ProShare Advisors LLC acquired a new position in Blackstone Digital Infrastructure Trust during the 3rd quarter worth approximately $214,000. Finally, Sowell Financial Services LLC acquired a new position in Blackstone Digital Infrastructure Trust during the 3rd quarter worth approximately $249,000.

About Blackstone Digital Infrastructure Trust

Blackstone Digital Infrastructure Trust is an investment vehicle sponsored by Blackstone that focuses on digital infrastructure assets. Its investment strategy is centered on infrastructure that supports the growth of data usage, cloud computing, artificial intelligence, mobile connectivity and other digital services.

The trust may invest in assets such as data centers, fiber-optic networks, wireless infrastructure and related digital facilities. These assets provide the physical capacity and connectivity required by businesses, telecommunications providers, cloud platforms and other technology users.

Blackstone Digital Infrastructure Trust is part of Blackstone’s broader digital infrastructure investment platform, which seeks opportunities in markets where demand for data storage, processing and transmission is expanding.