Squarepoint Ops LLC Takes $1.43 Million Position in Blackstone Digital Infrastructure Trust Inc. $BXDC

Key Points

• Squarepoint Ops LLC acquired 65,926 shares of Blackstone Digital Infrastructure Trust in the second quarter, worth approximately $1.43 million and representing about 0.07% of the company.
• Several institutional investors also initiated positions, including Wellington Management with an investment of approximately $83.4 million.
• Analysts have a consensus “Hold” rating and an average price target of $23.71, while BXDC recently reported quarterly earnings of $0.08 per share, exceeding the $0.04 consensus estimate.

Squarepoint Ops LLC purchased 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 and Exchange Commission (SEC). The firm purchased 65,926 shares of the company's stock, valued at approximately $1,426,000. Squarepoint Ops LLC owned about 0.07% of Blackstone Digital Infrastructure Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in Blackstone Digital Infrastructure Trust during the 2nd quarter worth approximately $83,382,000. Fund 1 Investments LLC acquired a new position in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter worth approximately $2,731,000. Finally, Readystate Asset Management LP acquired a new position in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter worth approximately $1,127,000.

Wall Street Analysts Forecast Growth

BXDC has been the topic of several research reports. Bank of America initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set a "neutral" rating and a $22.50 price target on the stock. Wall Street Zen upgraded shares of Blackstone Digital Infrastructure Trust to a "hold" rating in a research note on Saturday, August 29th. BMO Capital Markets dropped 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 report on Tuesday, August 4th. Weiss Ratings upgraded shares of Blackstone Digital Infrastructure Trust from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. Finally, Barclays began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an "overweight" rating and a $24.00 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $23.71.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of NYSE BXDC opened at $19.58 on Thursday. Blackstone Digital Infrastructure Trust Inc. has a 12-month low of $19.20 and a 12-month high of $22.90. The business has a 50 day moving average of $20.35.

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