Wellington Management Group LLP Makes New $83.38 Million Investment in Blackstone Digital Infrastructure Trust Inc. $BXDC

Wellington Management Group LLP purchased a new position in shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,854,933 shares of the company’s stock, valued at approximately $83,382,000.

Blackstone Digital Infrastructure Trust Stock Performance

BXDC opened at $20.23 on Thursday. The firm has a 50-day moving average price of $20.64. Blackstone Digital Infrastructure Trust Inc. has a 1 year low of $19.20 and a 1 year high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last posted its quarterly earnings data 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, analysts expect that Blackstone Digital Infrastructure Trust Inc. will post 0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BXDC has been the subject of several research analyst reports. 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 for the company. JPMorgan Chase & Co. started coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set a “neutral” rating and a $23.00 target price on the stock. Morgan Stanley started coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Wednesday, June 10th. They issued an “equal weight” rating and a $23.00 price target on the stock. Weiss Ratings upgraded shares of Blackstone Digital Infrastructure Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Finally, Zacks Research raised shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a research report on Tuesday, June 9th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.71.

Blackstone Digital Infrastructure Trust 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.