Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded to Moderate Buy at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on BXDC. BNP Paribas Exane initiated coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “outperform” rating and a $26.00 price target for the company. Moffett Nathanson initiated coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $21.00 price target for the company. Citigroup initiated coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $23.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “buy” rating and a $24.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “overweight” rating and a $26.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Blackstone Digital Infrastructure Trust presently has an average rating of “Moderate Buy” and a consensus target price of $23.86.

Blackstone Digital Infrastructure Trust Trading Up 1.1%

NYSE:BXDC opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a fifty-two week low of $19.60 and a fifty-two week high of $22.90.

Insiders Place Their Bets

In related news, Director Katharine A. Keenan bought 25,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director owned 25,000 shares in the company, valued at $500,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the acquisition, the insider owned 9,111,800 shares in the company, valued at approximately $182,236,000. The trade was a -2,529.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 9,557,295 shares of company stock worth $191,145,900 in the last quarter.

Key Stories Impacting Blackstone Digital Infrastructure Trust

Here are the key news stories impacting Blackstone Digital Infrastructure Trust this week:

• Positive Sentiment: Wells Fargo upgraded BXDC to strong-buy, signaling increased confidence in the company’s outlook. Zacks.com
• Positive Sentiment: Sanford C. Bernstein also upgraded BXDC to strong-buy, adding to the bullish tone from Wall Street. Zacks.com
• Positive Sentiment: Barclays upgraded BXDC to strong-buy, reinforcing expectations for upside in the stock. Zacks.com
• Positive Sentiment: Royal Bank of Canada raised BXDC to moderate buy, another positive signal for the shares. Zacks.com
• Neutral Sentiment: Moffett Nathanson and BMO Capital Markets both moved BXDC to hold, suggesting some analysts see limited near-term upside. Zacks.com
• Neutral Sentiment: Bank of America and JPMorgan initiated coverage with neutral ratings and price targets modestly above the current share price, pointing to a mixed but stable outlook. Benzinga
• Neutral Sentiment: Recent commentary notes that Wall Street is divided on BXDC’s newest AI infrastructure bet, reflecting uncertainty about how the strategy will translate into performance. Yahoo Finance