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

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.7917.

Several equities research analysts recently weighed in on the company. Barclays initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an “overweight” rating and a $24.00 price objective on the stock. Citigroup assumed coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued a “neutral” rating and a $23.00 target price for the company. Moffett Nathanson started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a “neutral” rating and a $21.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Zacks Research raised Blackstone Digital Infrastructure Trust to a “hold” rating in a research note on Tuesday, June 9th.

Insider Activity

In other Blackstone Digital Infrastructure Trust news, insider Anthony F. Marone, Jr. purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the transaction, the insider owned 10,000 shares in the company, valued at $200,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $20.00 per share, with a total value of $189,735,900.00. Following the purchase, the insider directly owned 9,111,800 shares of the company’s stock, 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. Over the last ninety days, insiders purchased 9,557,295 shares of company stock worth $191,145,900.

Blackstone Digital Infrastructure Trust Price Performance

Shares of Blackstone Digital Infrastructure Trust stock opened at $21.92 on Friday. Blackstone Digital Infrastructure Trust has a fifty-two week low of $19.60 and a fifty-two week high of $22.90.