Analysts Set Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) PT at $23.71

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $23.7083.

BXDC has been the topic of several recent analyst reports. BMO Capital Markets reduced their price target 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 note on Tuesday, August 4th. Moffett Nathanson began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They issued a “neutral” rating and a $21.00 price objective for the company. Morgan Stanley began 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 target price on the stock. Sanford C. Bernstein assumed coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Barclays began coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set an “overweight” rating and a $24.00 price target for the company.

Blackstone Digital Infrastructure Trust Price Performance

Blackstone Digital Infrastructure Trust stock opened at $21.08 on Friday. Blackstone Digital Infrastructure Trust has a 12-month low of $19.20 and a 12-month high of $22.90. The business has a 50-day moving average price of $20.80.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last released its earnings results on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Research analysts forecast that Blackstone Digital Infrastructure Trust will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Readystate Asset Management LP purchased a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter worth $1,127,000. Fund 1 Investments LLC bought a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter worth $2,731,000. Finally, Wellington Management Group LLP purchased a new position in shares of Blackstone Digital Infrastructure Trust during the second quarter valued at $83,382,000.

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.