Blackstone Digital Infrastructure Trust Inc.'s Lock-Up Period Set To Expire on November 10th (NYSE:BXDC)

Key Points

• BXDC’s IPO lock-up period expires November 10, allowing insiders and major shareholders to sell shares. The company issued 87.5 million shares at $20 each in its May IPO, valued at $1.75 billion.
• Analyst sentiment is mixed, with seven Buy, six Hold and one Sell rating; the consensus rating is Hold with an average price target of $23.46.
• The stock opened at $15.70, near its 12-month low of $15.41, while the company reported quarterly EPS of $0.08—double the $0.04 analyst consensus.

Blackstone Digital Infrastructure Trust's (NYSE:BXDC - Get Free Report) lock-up period will end on Tuesday, November 10th. Blackstone Digital Infrastructure Trust had issued 87,500,000 shares in its IPO on May 14th. The total size of the offering was $1,750,000,000 based on an initial share price of $20.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BXDC. Wall Street Zen upgraded Blackstone Digital Infrastructure Trust to a "hold" rating in a research report on Saturday, August 29th. Citigroup raised Blackstone Digital Infrastructure Trust from a "neutral" rating to a "buy" rating and reduced their target price for the company from $23.00 to $20.00 in a research note on Monday, October 12th. BMO Capital Markets dropped their price target on Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a "market perform" rating for the company in a research report on Tuesday, August 4th. Finally, Weiss Ratings downgraded Blackstone Digital Infrastructure Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, September 16th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $23.46.

Blackstone Digital Infrastructure Trust Stock Performance

NYSE BXDC opened at $15.70 on Tuesday. The firm has a market cap of $1.58 billion and a P/E ratio of 112.14. Blackstone Digital Infrastructure Trust has a 12 month low of $15.41 and a 12 month high of $22.90. The company's 50-day moving average is $18.21.

Blackstone Digital Infrastructure Trust (NYSE:BXDC - Get Free Report) last released its 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. On average, analysts expect that Blackstone Digital Infrastructure Trust will post 0.35 EPS for the current fiscal year.

Institutional Trading of Blackstone Digital Infrastructure Trust

Several institutional investors have recently made changes to their positions in BXDC. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Blackstone Digital Infrastructure Trust in the 3rd quarter worth $1,530,000. ProShare Advisors LLC purchased a new stake in Blackstone Digital Infrastructure Trust during the third quarter valued at about $214,000. Asset Management One Co. Ltd. grew its position in Blackstone Digital Infrastructure Trust by 2,525.0% during the third quarter. Asset Management One Co. Ltd. now owns 127,128 shares of the company's stock valued at $2,204,000 after acquiring an additional 122,285 shares during the period. Sowell Financial Services LLC purchased a new stake in Blackstone Digital Infrastructure Trust during the third quarter valued at about $249,000. Finally, Sterling Capital Management LLC purchased a new stake in Blackstone Digital Infrastructure Trust during the third quarter valued at about $36,000.

About Blackstone Digital Infrastructure Trust

Blackstone Digital Infrastructure Trust is an investment vehicle sponsored by Blackstone that focuses on digital infrastructure assets. Its investment strategy is centered on infrastructure that supports the growth of data usage, cloud computing, artificial intelligence, mobile connectivity and other digital services.

The trust may invest in assets such as data centers, fiber-optic networks, wireless infrastructure and related digital facilities. These assets provide the physical capacity and connectivity required by businesses, telecommunications providers, cloud platforms and other technology users.

Blackstone Digital Infrastructure Trust is part of Blackstone's broader digital infrastructure investment platform, which seeks opportunities in markets where demand for data storage, processing and transmission is expanding.

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