Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $24.60.

Several brokerages have issued reports on BXDC. Barclays began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They issued an “overweight” rating and a $24.00 price objective for the company. Sanford C. Bernstein began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $26.00 price target for the company. Wells Fargo & Company began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “overweight” rating and a $26.00 price target for the company. Royal Bank Of Canada began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $24.00 price target for the company. Finally, Citigroup began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating for the company.

Insider Activity

In other news, insider Nicholas L. Pell acquired 25,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the purchase, the insider directly owned 25,000 shares of the company’s stock, valued at $500,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Diane M. Morefield acquired 5,000 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The shares were 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 of the company’s stock, valued at $250,000. The trade was a 66.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 9,557,295 shares of company stock valued at $191,145,900 over the last three months.

Blackstone Digital Infrastructure Trust Trading Down 0.2%

Shares of NYSE:BXDC opened at $21.79 on Monday. Blackstone Digital Infrastructure Trust has a 52-week low of $19.60 and a 52-week high of $22.90.