Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Stock Has Average Target Price of $23.46

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) has been given an average rating of “Hold” by the fourteen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $23.46.

BXDC has been the topic of several research analyst reports. BMO Capital Markets lowered their target price on Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 4th. Citigroup raised shares of Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $23.00 to $20.00 in a research note on Monday, October 12th. Wall Street Zen upgraded Blackstone Digital Infrastructure Trust to a “hold” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings lowered Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th.

Institutional Trading of Blackstone Digital Infrastructure Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC bought a new position in shares of Blackstone Digital Infrastructure Trust during the 3rd quarter valued at $36,000. Farther Finance Advisors LLC acquired a new position in Blackstone Digital Infrastructure Trust during the third quarter worth $102,000. ProShare Advisors LLC bought a new position in Blackstone Digital Infrastructure Trust during the third quarter valued at about $214,000. Sowell Financial Services LLC bought a new position in Blackstone Digital Infrastructure Trust during the third quarter valued at about $249,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Blackstone Digital Infrastructure Trust during the third quarter valued at about $449,000.

Blackstone Digital Infrastructure Trust Stock Performance

NYSE:BXDC opened at $16.11 on Thursday. The company has a market cap of $1.62 billion and a price-to-earnings ratio of 115.07. Blackstone Digital Infrastructure Trust has a twelve month low of $15.41 and a twelve month high of $22.90. The firm’s 50-day simple moving average is $18.02.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last issued its earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. As a group, equities analysts forecast 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 an investment vehicle sponsored by Blackstone that focuses on digital infrastructure assets. Its investment strategy is centered on infrastructure that supports the growth of data usage, cloud computing, artificial intelligence, mobile connectivity and other digital services.

The trust may invest in assets such as data centers, fiber-optic networks, wireless infrastructure and related digital facilities. These assets provide the physical capacity and connectivity required by businesses, telecommunications providers, cloud platforms and other technology users.

Blackstone Digital Infrastructure Trust is part of Blackstone’s broader digital infrastructure investment platform, which seeks opportunities in markets where demand for data storage, processing and transmission is expanding.