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

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by stock analysts at Sanford C. Bernstein to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

BXDC has been the subject of a number of other reports. Citigroup initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They set a “neutral” rating and a $23.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They set an “overweight” rating and a $26.00 price objective for the company. Royal Bank Of Canada initiated 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 for the company. 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 price objective for the company. Finally, BNP Paribas Exane initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They set an “outperform” rating and a $26.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.

Blackstone Digital Infrastructure Trust Stock Up 1.1%

Blackstone Digital Infrastructure Trust stock opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a one year low of $19.60 and a one year high of $22.90.

Insiders Place Their Bets

In other news, insider Nicholas L. Pell bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the purchase, the insider owned 25,000 shares of the company’s stock, valued at approximately $500,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anthony F. Marone, Jr. bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $20.00 per share, with a total value of $200,000.00. Following the completion of the purchase, the insider directly owned 10,000 shares in the company, valued at $200,000. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 9,557,295 shares of company stock worth $191,145,900 in the last three months.