Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded at Moffett Nathanson

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by equities research analysts at Moffett Nathanson to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on BXDC. JPMorgan Chase & Co. initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $23.00 price target on the stock. BNP Paribas Exane initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $26.00 price target on the stock. Royal Bank Of Canada initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $24.00 price target on the stock. Sanford C. Bernstein initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Barclays initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “overweight” rating and a $24.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.86.

Blackstone Digital Infrastructure Trust Price Performance

Shares of Blackstone Digital Infrastructure Trust stock opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a twelve month low of $19.60 and a twelve month high of $22.90.

Insider Transactions at Blackstone Digital Infrastructure Trust

In other Blackstone Digital Infrastructure Trust news, insider Nicholas L. Pell bought 25,000 shares of the 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 transaction, the insider directly owned 25,000 shares in the company, valued at $500,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony F. Marone, Jr. bought 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the transaction, the insider owned 10,000 shares in the company, valued at $200,000. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 9,557,295 shares of company stock worth $191,145,900 over the last quarter.