Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Receives Average Recommendation of "Hold" from Brokerages

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Get Free Report) have been given an average recommendation of "Hold" by the fourteen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $23.7083.

Several research firms recently weighed in on BXDC. BNP Paribas Exane 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 target on the stock. Sanford C. Bernstein started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set an "outperform" rating and a $26.00 price objective for the company. Zacks Research raised Blackstone Digital Infrastructure Trust to a "hold" rating in a report on Tuesday, June 9th. Moffett Nathanson started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued a "neutral" rating and a $21.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an "overweight" rating and a $26.00 price target for the company.

Blackstone Digital Infrastructure Trust Trading Up 3.0%

Shares of BXDC stock opened at $20.53 on Friday. The firm's fifty day simple moving average is $20.82. Blackstone Digital Infrastructure Trust has a 12 month low of $19.20 and a 12 month high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. As a group, analysts expect that Blackstone Digital Infrastructure Trust will post 0.35 earnings per share for the current year.

Institutional Trading of Blackstone Digital Infrastructure Trust

A hedge fund recently bought a new stake in Blackstone Digital Infrastructure Trust stock. Wellington Management Group LLP purchased a new stake in shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,854,933 shares of the company's stock, valued at approximately $83,382,000. Wellington Management Group LLP owned about 3.83% of Blackstone Digital Infrastructure Trust as of its most recent SEC filing.

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.

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