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

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) has been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the company, MarketBeat reports. One 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 12-month price objective among analysts that have covered the stock in the last year is $23.46.

Several analysts recently weighed in on BXDC shares. Citigroup upgraded shares of Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and cut their price objective for the company from $23.00 to $20.00 in a research report on Monday. Wall Street Zen upgraded shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a research report on Saturday, August 29th. BMO Capital Markets decreased their target price 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. Finally, 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.

Blackstone Digital Infrastructure Trust Trading Down 0.7%

Shares of NYSE BXDC opened at $16.16 on Friday. Blackstone Digital Infrastructure Trust has a 1-year low of $15.99 and a 1-year high of $22.90. The stock has a fifty day moving average of $19.25.

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 analysts’ consensus estimates of $0.04 by $0.04. Sell-side analysts anticipate that Blackstone Digital Infrastructure Trust will post 0.35 EPS for the current fiscal year.

Institutional Trading of Blackstone Digital Infrastructure Trust

Several large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in Blackstone Digital Infrastructure Trust during the 3rd quarter valued at $102,000. Readystate Asset Management LP bought a new stake in shares of Blackstone Digital Infrastructure Trust during the second quarter valued at about $1,127,000. Squarepoint Ops LLC acquired a new stake in Blackstone Digital Infrastructure Trust in the second quarter worth about $1,426,000. Fund 1 Investments LLC acquired a new stake in Blackstone Digital Infrastructure Trust in the second quarter worth about $2,731,000. Finally, State Street Corp acquired a new stake in Blackstone Digital Infrastructure Trust in the second quarter worth about $9,303,000.

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.