430,074 Shares of Blackstone Digital Infrastructure Trust Inc. $BXDC Bought by State Street Corp

Key Points

• State Street Corp acquired 430,074 shares of Blackstone Digital Infrastructure Trust in the second quarter, worth approximately $9.3 million and representing about 0.43% of the company. Several other institutional investors, including Wellington Management, also opened positions.
• Analyst sentiment is mixed, with six Buy ratings, seven Holds and one Sell. The consensus rating is Hold, with an average price target of $23.71 versus the stock’s reported price of $19.10.
• Blackstone Digital Infrastructure Trust reported quarterly EPS of $0.08, beating the $0.04 consensus estimate. The stock has traded between $18.48 and $22.90 over the past year, while analysts expect full-year EPS of $0.35.

State Street Corp bought a new stake in Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 430,074 shares of the company's stock, valued at approximately $9,303,000. State Street Corp owned approximately 0.43% of Blackstone Digital Infrastructure Trust as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of BXDC. Squarepoint Ops LLC acquired a new position in shares of Blackstone Digital Infrastructure Trust during the second quarter worth $1,426,000. Readystate Asset Management LP acquired a new stake in Blackstone Digital Infrastructure Trust in the second quarter valued at $1,127,000. Fund 1 Investments LLC bought a new position in Blackstone Digital Infrastructure Trust during the 2nd quarter valued at $2,731,000. Finally, Wellington Management Group LLP bought a new position in Blackstone Digital Infrastructure Trust during the 2nd quarter valued at $83,382,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BXDC shares. JPMorgan Chase & Co. started coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued a "neutral" rating and a $23.00 target price on the stock. Citigroup initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a "neutral" rating and a $23.00 price objective for the company. BNP Paribas Exane initiated 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 on the stock. Weiss Ratings cut Blackstone Digital Infrastructure Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, September 16th. Finally, Royal Bank Of Canada initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an "outperform" rating and a $24.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $23.71.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of NYSE BXDC opened at $19.10 on Friday. The stock has a fifty day moving average of $20.19. Blackstone Digital Infrastructure Trust Inc. has a 52-week low of $18.48 and a 52-week high of $22.90.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. As a group, research analysts expect that Blackstone Digital Infrastructure Trust Inc. will post 0.35 EPS for the current fiscal year.

Blackstone Digital Infrastructure Trust Profile

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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