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

Key Points

• Analysts hold a consensus “Hold” rating on Blackstone Digital Infrastructure Trust, with seven holds, six buys and one sell among 14 covering analysts. The average 12-month price target is $23.71.
• BXDC shares opened at $19.32, near their 12-month low of $19.20 and below the $20.37 50-day moving average. The stock has traded between $19.20 and $22.90 over the past year.
• The trust reported quarterly earnings of $0.08 per share, beating the $0.04 consensus estimate, while several institutional investors—including Wellington Management, which invested about $83.4 million—recently initiated positions.

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

Several research analysts have commented on BXDC shares. Wells Fargo & Company began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an "overweight" rating and a $26.00 target price for the company. Royal Bank Of Canada started coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an "outperform" rating and a $24.00 price target on the stock. Moffett Nathanson started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued a "neutral" rating and a $21.00 price target for the company. Weiss Ratings raised shares of Blackstone Digital Infrastructure Trust from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set a "buy" rating and a $24.00 price objective on the stock.

Blackstone Digital Infrastructure Trust Trading Down 1.0%

Shares of Blackstone Digital Infrastructure Trust stock opened at $19.32 on Wednesday. Blackstone Digital Infrastructure Trust has a 12-month low of $19.20 and a 12-month high of $22.90. The stock's fifty day moving average is $20.37.

Blackstone Digital Infrastructure Trust (NYSE:BXDC - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. Equities research analysts predict that Blackstone Digital Infrastructure Trust will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new position in Blackstone Digital Infrastructure Trust during the second quarter valued at $1,426,000. Readystate Asset Management LP acquired a new stake in Blackstone Digital Infrastructure Trust during the 2nd quarter worth about $1,127,000. Fund 1 Investments LLC acquired a new stake in Blackstone Digital Infrastructure Trust during the 2nd quarter worth about $2,731,000. Finally, Wellington Management Group LLP purchased a new position in Blackstone Digital Infrastructure Trust during the 2nd quarter valued at about $83,382,000.

About Blackstone Digital Infrastructure Trust

Blackstone Digital Infrastructure Trust, Inc is a digital infrastructure investment company sponsored by Blackstone. The trust focuses on owning and investing in essential infrastructure that supports the digital economy, including data centers and related facilities used by cloud-computing, telecommunications and technology businesses.

Its investments are intended to provide the physical capacity and connectivity required for data storage, processing and network services. The trust's portfolio may include operating digital infrastructure assets as well as investments in companies that develop, own or manage those assets.

Blackstone Digital Infrastructure Trust is part of Blackstone's broader global digital infrastructure platform.

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