Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts collectively rate BXDC “Hold”: Seven firms recommend holding the stock and six recommend buying it. The average 12-month price target is $23.79.
• Recent coverage was broadly positive, with firms including RBC, Bernstein, Barclays, Deutsche Bank, and Moffett Nathanson issuing targets ranging from $21 to $26.
• Insiders purchased approximately $191.1 million of shares over the past three months. BXDC opened at $21.09, compared with a 52-week range of $19.20 to $22.90.

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Get Free Report) has received a consensus recommendation of "Hold" from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $23.7917.

Several equities analysts recently weighed in on BXDC shares. Royal Bank Of Canada began coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set an "outperform" rating and a $24.00 target price on the stock. Sanford C. Bernstein began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an "outperform" rating and a $26.00 price objective on the stock. Barclays began coverage on 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. Deutsche Bank Aktiengesellschaft started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a "buy" rating and a $24.00 price objective for the company. Finally, Moffett Nathanson started coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a "neutral" rating and a $21.00 target price for the company.

Insiders Place Their Bets

In other Blackstone Digital Infrastructure Trust news, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of $20.00 per share, with a total value of $189,735,900.00. Following the acquisition, the insider owned 9,111,800 shares in the company, valued at approximately $182,236,000. This trade represents a -2,529.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony F. Marone, Jr. purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the acquisition, the insider owned 10,000 shares in the company, valued at $200,000. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 9,557,295 shares of company stock worth $191,145,900 in the last three months.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of NYSE:BXDC opened at $21.09 on Tuesday. The stock has a 50-day moving average price of $21.42. Blackstone Digital Infrastructure Trust has a 52-week low of $19.20 and a 52-week high of $22.90.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source