Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Receives $23.71 Consensus Price Target from Analysts

Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) has earned a consensus rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $23.7083.

BXDC has been the topic of a number of research reports. BMO Capital Markets reduced their target price 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 report on Tuesday, August 4th. JPMorgan Chase & Co. began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued a “neutral” rating and a $23.00 price objective on the stock. Zacks Research upgraded Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Tuesday, June 9th. Moffett Nathanson initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday, June 8th. They set a “neutral” rating and a $21.00 target price for the company. Finally, Wall Street Zen upgraded Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Saturday, August 29th.

Blackstone Digital Infrastructure Trust Stock Performance

Shares of Blackstone Digital Infrastructure Trust stock opened at $19.51 on Wednesday. The firm has a fifty day simple moving average of $20.22. Blackstone Digital Infrastructure Trust has a 52 week low of $19.10 and a 52 week high of $22.90.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last issued its earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. On average, equities analysts expect that Blackstone Digital Infrastructure Trust will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new position in Blackstone Digital Infrastructure Trust during the 2nd quarter valued at about $83,382,000. State Street Corp bought a new position in shares of Blackstone Digital Infrastructure Trust during the second quarter valued at approximately $9,303,000. Fund 1 Investments LLC bought a new position in shares of Blackstone Digital Infrastructure Trust during the second quarter valued at approximately $2,731,000. Squarepoint Ops LLC bought a new position in shares of Blackstone Digital Infrastructure Trust during the second quarter valued at approximately $1,426,000. Finally, Readystate Asset Management LP purchased a new position in Blackstone Digital Infrastructure Trust during the second quarter valued at approximately $1,127,000.

Blackstone Digital Infrastructure Trust Company Profile

Blackstone Digital Infrastructure Trust, Inc is a digital infrastructure investment company sponsored by Blackstone. The trust focuses on owning and investing in essential infrastructure that supports the digital economy, including data centers and related facilities used by cloud-computing, telecommunications and technology businesses.

Its investments are intended to provide the physical capacity and connectivity required for data storage, processing and network services. The trust’s portfolio may include operating digital infrastructure assets as well as investments in companies that develop, own or manage those assets.

Blackstone Digital Infrastructure Trust is part of Blackstone’s broader global digital infrastructure platform.