Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Stock Has Average Price Target of $23.71

Key Points

• Analyst consensus is “Hold”: Of 14 analysts covering Blackstone Digital Infrastructure Trust, seven recommend holding, six recommend buying, and one recommends selling. The average 12-month price target is $23.71.
• Shares trade below the target: BXDC opened at $16.75, near its 52-week low of $16.43, with a market capitalization of $1.69 billion and a P/E ratio of 119.64.
• Quarterly earnings beat expectations: The company reported earnings of $0.08 per share versus the $0.04 consensus estimate, while several institutional investors—including Wellington Management and State Street—established new positions.

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Get Free Report) have been given an average rating of "Hold" by the fourteen research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $23.71.

A number of research firms have issued reports on BXDC. Weiss Ratings lowered Blackstone Digital Infrastructure Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, September 16th. Wall Street Zen raised shares of Blackstone Digital Infrastructure Trust to a "hold" rating in a research report on Saturday, August 29th. Finally, BMO Capital Markets dropped their price objective on shares of Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a "market perform" rating on the stock in a research report on Tuesday, August 4th.

Blackstone Digital Infrastructure Trust Trading Down 0.7%

NYSE:BXDC opened at $16.75 on Friday. Blackstone Digital Infrastructure Trust has a 52 week low of $16.43 and a 52 week high of $22.90. The stock has a fifty day simple moving average of $19.54. The firm has a market capitalization of $1.69 billion and a P/E ratio of 119.64.

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

Hedge Funds Weigh In On Blackstone Digital Infrastructure Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in shares of Blackstone Digital Infrastructure Trust during the second quarter worth about $83,382,000. Readystate Asset Management LP purchased a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at about $1,127,000. Fund 1 Investments LLC acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at about $2,731,000. Squarepoint Ops LLC acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at about $1,426,000. Finally, State Street Corp purchased a new position in Blackstone Digital Infrastructure Trust during the 2nd quarter worth approximately $9,303,000.

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.

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.