Fund 1 Investments LLC Invests $2.73 Million in Blackstone Digital Infrastructure Trust Inc. $BXDC

Fund 1 Investments LLC bought a new stake in Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 126,250 shares of the company’s stock, valued at approximately $2,731,000.

Separately, Wellington Management Group LLP acquired a new stake in Blackstone Digital Infrastructure Trust in the second quarter valued at about $83,382,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BXDC shares. Royal Bank Of Canada assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “outperform” rating and a $24.00 price objective on the stock. Sanford C. Bernstein began coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “outperform” rating and a $26.00 price target for the company. Weiss Ratings raised Blackstone Digital Infrastructure Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Wall Street Zen upgraded Blackstone Digital Infrastructure Trust to a “hold” rating in a research note on Saturday, August 29th. Finally, BMO Capital Markets dropped their price objective on 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. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.71.

Blackstone Digital Infrastructure Trust Stock Down 0.9%

Shares of NYSE BXDC opened at $20.36 on Friday. Blackstone Digital Infrastructure Trust Inc. has a 52 week low of $19.20 and a 52 week high of $22.90. The company has a 50-day moving average of $20.59.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last issued its earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. As a group, research analysts anticipate that Blackstone Digital Infrastructure Trust Inc. will post 0.35 EPS for the current fiscal year.

Blackstone Digital Infrastructure Trust 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.