Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have received a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $23.46.

A number of equities research analysts have weighed in on BXDC shares. Weiss Ratings lowered shares of Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Citigroup raised shares of Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and dropped their price target for the company from $23.00 to $20.00 in a research note on Monday, October 12th. Wall Street Zen raised shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a research note on Saturday, August 29th. Finally, BMO Capital Markets cut 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 report on Tuesday, August 4th.

Blackstone Digital Infrastructure Trust Price Performance

Blackstone Digital Infrastructure Trust stock opened at $16.85 on Thursday. The firm has a 50 day moving average price of $17.63. Blackstone Digital Infrastructure Trust has a 1 year low of $15.35 and a 1 year high of $22.90. The firm has a market capitalization of $1.70 billion and a P/E ratio of 120.36.

Institutional Trading of Blackstone Digital Infrastructure Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BXDC. Voya Investment Management LLC raised its position in Blackstone Digital Infrastructure Trust by 4.0% during the 3rd quarter. Voya Investment Management LLC now owns 472,587 shares of the company’s stock worth $8,195,000 after purchasing an additional 18,087 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Blackstone Digital Infrastructure Trust by 33.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,114,383 shares of the company’s stock valued at $19,323,000 after buying an additional 277,986 shares during the last quarter. Aew Capital Management Inc. bought a new stake in shares of Blackstone Digital Infrastructure Trust in the 3rd quarter valued at about $36,977,000. Joel Isaacson & Co. LLC bought a new stake in shares of Blackstone Digital Infrastructure Trust in the 3rd quarter valued at about $207,000. Finally, Pictet Asset Management Holding SA grew its position in shares of Blackstone Digital Infrastructure Trust by 6.7% in the 3rd quarter. Pictet Asset Management Holding SA now owns 444,275 shares of the company’s stock valued at $7,704,000 after buying an additional 28,068 shares during the last quarter.

Blackstone Digital Infrastructure Trust Company 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.