3,854,933 Shares in Blackstone Digital Infrastructure Trust Inc. $BXDC Purchased by Wellington Management Group LLP

Key Points

• Wellington Management Group acquired 3,854,933 shares of Blackstone Digital Infrastructure Trust, valued at approximately $83.4 million, giving it a 3.83% stake.
• BXDC reported quarterly EPS of $0.08, beating analysts’ $0.04 consensus estimate. The stock opened at $20.23 and has traded between $19.20 and $22.90 over the past year.
• Analyst sentiment is mixed, with six Buy, seven Hold, and one Sell rating; the overall consensus is Hold, with an average price target of $23.71.

Wellington Management Group LLP acquired a new stake in Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,854,933 shares of the company's stock, valued at approximately $83,382,000. Wellington Management Group LLP owned approximately 3.83% of Blackstone Digital Infrastructure Trust at the end of the most recent quarter.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of NYSE:BXDC opened at $20.23 on Thursday. The company has a 50 day moving average price of $20.64. Blackstone Digital Infrastructure Trust Inc. has a fifty-two week low of $19.20 and a fifty-two week high of $22.90.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BXDC. Zacks Research raised shares of Blackstone Digital Infrastructure Trust to a "hold" rating in a report on Tuesday, June 9th. BNP Paribas Exane started coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued an "outperform" rating and a $26.00 price objective on the stock. 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 for the company. BMO Capital Markets cut their price target on Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 4th. Finally, Bank of America started coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a "neutral" rating and a $22.50 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $23.71.

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.

Want to see what other hedge funds are holding BXDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Free Report).

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