Blackstone Digital Infrastructure Trust Inc.’s Quiet Period Will End on June 23rd (NYSE:BXDC)

Blackstone Digital Infrastructure Trust’s (NYSE:BXDC) quiet period is set to end on Tuesday, June 23rd. Blackstone Digital Infrastructure Trust had issued 87,500,000 shares in its public offering on May 14th. The total size of the offering was $1,750,000,000 based on an initial share price of $20.00. During Blackstone Digital Infrastructure Trust’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

BXDC has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Wednesday, June 10th. They set an “equal weight” rating and a $23.00 price objective on the stock. Barclays initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set an “overweight” rating and a $24.00 price objective on the stock. Sanford C. Bernstein initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set an “outperform” rating and a $26.00 price objective on the stock. Bank of America initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set a “neutral” rating and a $22.50 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set a “neutral” rating and a $23.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $23.79.

Blackstone Digital Infrastructure Trust Stock Down 1.6%

NYSE BXDC opened at $21.42 on Tuesday. Blackstone Digital Infrastructure Trust has a 12 month low of $19.60 and a 12 month high of $22.90.

Insider Transactions at Blackstone Digital Infrastructure Trust

In related news, Director Katharine A. Keenan purchased 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at approximately $500,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicholas L. Pell purchased 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the insider 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 purchased 9,557,295 shares of company stock valued at $191,145,900.