Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $24.60.

A number of equities research analysts have issued reports on BXDC shares. Citigroup started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating on the stock. Moffett Nathanson started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating on the stock. Wells Fargo & Company started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “overweight” rating and a $26.00 target price on the stock. BMO Capital Markets started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “market perform” rating and a $23.00 target price on the stock. Finally, Royal Bank Of Canada started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “outperform” rating and a $24.00 target price on the stock.

Insider Buying and Selling

In related news, Director Diane M. Morefield acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost 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 in the company, valued at $250,000. This trade represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas L. Pell acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the purchase, the insider owned 25,000 shares of the company’s stock, valued at approximately $500,000. This represents a ? 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 in the last three months.

Blackstone Digital Infrastructure Trust Price Performance

BXDC stock opened at $21.79 on Monday. Blackstone Digital Infrastructure Trust has a 1 year low of $19.60 and a 1 year high of $22.90.