Blackstone Digital Infrastructure Trust (NYSE:BXDC) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) in a research note issued to investors on Monday. The firm set a “neutral” rating and a $23.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 5.55% from the stock’s previous close.

Other analysts also recently issued reports about the stock. BMO Capital Markets began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They issued a “market perform” rating and a $23.00 target price on the stock. Royal Bank Of Canada assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They set an “outperform” rating and a $24.00 price objective on the stock. Barclays began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They issued an “overweight” rating and a $24.00 price objective on the stock. Bank of America initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They set a “neutral” rating and a $22.50 target price for the company. Finally, Wells Fargo & Company started coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set an “overweight” rating and a $26.00 target price for the company. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Blackstone Digital Infrastructure Trust presently has an average rating of “Moderate Buy” and an average target price of $23.61.

Blackstone Digital Infrastructure Trust Price Performance

BXDC opened at $21.79 on Monday. Blackstone Digital Infrastructure Trust has a 12-month low of $19.60 and a 12-month high of $22.90.

Insider Transactions at Blackstone Digital Infrastructure Trust

In other news, insider Nicholas L. Pell purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the purchase, the insider directly owned 25,000 shares in the company, valued at approximately $500,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diane M. Morefield acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director directly owned 12,500 shares in the company, valued at $250,000. The trade was a 66.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 9,557,295 shares of company stock worth $191,145,900 over the last quarter.