Fund 1 Investments LLC Acquires Shares of 126,250 Blackstone Digital Infrastructure Trust Inc. $BXDC

Key Points

• Fund 1 Investments LLC acquired 126,250 shares of Blackstone Digital Infrastructure Trust, valued at approximately $2.73 million, representing about 0.13% of the company. Wellington Management also established a much larger stake worth roughly $83.4 million.
• BXDC reported quarterly earnings of $0.08 per share, beating analysts’ $0.04 consensus estimate. Shares recently opened at $20.36, within a 52-week range of $19.20 to $22.90.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $23.71; ratings include six Buys, seven Holds, and one Sell.

Fund 1 Investments LLC acquired a new position in shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 126,250 shares of the company's stock, valued at approximately $2,731,000. Fund 1 Investments LLC owned about 0.13% of Blackstone Digital Infrastructure Trust as of its most recent filing with the Securities & Exchange Commission.

Separately, Wellington Management Group LLP acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at about $83,382,000.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of BXDC stock opened at $20.36 on Friday. The firm has a 50-day moving average of $20.59. Blackstone Digital Infrastructure Trust Inc. has a 52-week low of $19.20 and a 52-week 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. As a group, equities research analysts forecast that Blackstone Digital Infrastructure Trust Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BXDC shares. Wall Street Zen raised Blackstone Digital Infrastructure Trust to a "hold" rating in a research report on Saturday, August 29th. Sanford C. Bernstein started coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an "outperform" rating and a $26.00 price objective for the company. BMO Capital Markets lowered their target price 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. Moffett Nathanson assumed coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a "neutral" rating and a $21.00 target price on the stock. Finally, Morgan Stanley started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Wednesday, June 10th. They issued an "equal weight" rating and a $23.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.71.

About Blackstone Digital Infrastructure Trust

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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