Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Given Average Recommendation of “Hold” by Analysts

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.7083.

A number of analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an “overweight” rating and a $26.00 price target on the stock. Barclays began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an “overweight” rating and a $24.00 price objective for the company. BMO Capital Markets lowered their price objective 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. Weiss Ratings began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Tuesday, August 11th. They issued a “sell (d)” rating on the stock. Finally, Citigroup started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued a “neutral” rating and a $23.00 target price for the company.

Institutional Trading of Blackstone Digital Infrastructure Trust

A hedge fund recently bought a new position in Blackstone Digital Infrastructure Trust stock. Wellington Management Group LLP acquired a new stake in shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,854,933 shares of the company’s stock, valued at approximately $83,382,000. Wellington Management Group LLP owned about 3.83% of Blackstone Digital Infrastructure Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Blackstone Digital Infrastructure Trust Stock Performance

Shares of NYSE:BXDC opened at $20.53 on Friday. Blackstone Digital Infrastructure Trust has a 1 year low of $19.20 and a 1 year high of $22.90. The firm’s fifty day simple moving average is $20.82.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. On average, research analysts predict that Blackstone Digital Infrastructure Trust will post 0.35 earnings per share for the current fiscal year.

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.