Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Receives $23.79 Consensus Target Price from Analysts

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) has been given an average recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.7917.

A number of research analysts recently commented on the company. Zacks Research upgraded Blackstone Digital Infrastructure Trust to a “hold” rating in a research note on Tuesday, June 9th. Wells Fargo & Company started coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “overweight” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued a “neutral” rating and a $23.00 price target on the stock. BNP Paribas Exane began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set an “outperform” rating and a $26.00 price objective for the company. Finally, BMO Capital Markets initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set a “market perform” rating and a $23.00 price objective for the company.

Blackstone Digital Infrastructure Trust Stock Performance

Blackstone Digital Infrastructure Trust stock opened at $20.84 on Friday. Blackstone Digital Infrastructure Trust has a 12 month low of $19.60 and a 12 month high of $22.90.

Insider Transactions at Blackstone Digital Infrastructure Trust

In other Blackstone Digital Infrastructure Trust news, Director Diane M. Morefield purchased 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director directly owned 12,500 shares in the company, valued at approximately $250,000. This trade represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of the purchase, the insider owned 9,111,800 shares in the company, valued at approximately $182,236,000. This trade represents a -2,529.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 9,557,295 shares of company stock valued at $191,145,900.