Blackstone Digital Infrastructure Trust (NYSE:BXDC) Rating Increased to Hold at Zacks Research

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on BXDC. Moffett Nathanson began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “neutral” rating and a $21.00 price objective on the stock. Citigroup began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “neutral” rating and a $23.00 price objective on the stock. BMO Capital Markets began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “market perform” rating and a $23.00 price objective on the stock. Wells Fargo & Company began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set an “overweight” rating and a $26.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “neutral” rating and a $23.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.79.

Blackstone Digital Infrastructure Trust Trading Down 2.2%

Shares of NYSE:BXDC opened at $21.81 on Tuesday. Blackstone Digital Infrastructure Trust has a fifty-two week low of $19.60 and a fifty-two week high of $22.90.

Insider Buying and Selling at Blackstone Digital Infrastructure Trust

In other Blackstone Digital Infrastructure Trust news, insider Anthony F. Marone, Jr. bought 10,000 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the transaction, the insider owned 10,000 shares in the company, valued at approximately $200,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharine A. Keenan bought 25,000 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the director owned 25,000 shares of the company’s stock, valued at approximately $500,000. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 9,557,295 shares of company stock valued at $191,145,900.