Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Given Average Recommendation of “Hold” by Brokerages

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $23.7083.

A number of research firms have weighed in on BXDC. Zacks Research raised shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a research report on Tuesday, June 9th. Morgan Stanley started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Wednesday, June 10th. They issued an “equal weight” rating and a $23.00 price target on the stock. Wells Fargo & Company began coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an “overweight” rating and a $26.00 price objective on the stock. Wall Street Zen upgraded shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a “neutral” rating and a $23.00 target price for the company.

Institutional Trading of Blackstone Digital Infrastructure Trust

Large investors have recently bought and sold shares of the business. Readystate Asset Management LP bought a new position in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter worth about $1,127,000. Fund 1 Investments LLC bought a new stake in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at about $2,731,000. Finally, Wellington Management Group LLP bought a new stake in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter valued at about $83,382,000.

Blackstone Digital Infrastructure Trust Stock Down 2.3%

Shares of NYSE BXDC opened at $19.99 on Friday. The company has a 50 day simple moving average of $20.72. Blackstone Digital Infrastructure Trust has a 52-week low of $19.20 and a 52-week high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. As a group, research analysts expect that Blackstone Digital Infrastructure Trust will post 0.35 earnings per share for the current year.

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.