Bank of America Begins Coverage on Blackstone Digital Infrastructure Trust (NYSE:BXDC)

Research analysts at Bank of America began coverage on shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) in a note issued to investors on Monday. The brokerage set a “neutral” rating and a $22.50 price target on the stock. Bank of America‘s price target points to a potential upside of 3.26% from the stock’s previous close.

BXDC has been the subject of several other research reports. Royal Bank Of Canada assumed coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued an “outperform” rating and a $24.00 target price for the company. Sanford C. Bernstein began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They issued an “outperform” rating and a $26.00 price target on the stock. Citigroup began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They issued a “neutral” rating and a $23.00 price objective for the company. Moffett Nathanson initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They set a “neutral” rating and a $21.00 price objective for the company. Finally, BMO Capital Markets began coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “market perform” rating and a $23.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Blackstone Digital Infrastructure Trust has an average rating of “Moderate Buy” and a consensus target price of $23.61.

Blackstone Digital Infrastructure Trust Trading Down 0.2%

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

Insiders Place Their Bets

In other Blackstone Digital Infrastructure Trust news, Director Katharine A. Keenan bought 25,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the purchase, the director directly owned 25,000 shares of the company’s stock, valued at $500,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas L. Pell purchased 25,000 shares of the stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the insider owned 25,000 shares in the company, valued at approximately $500,000. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 9,557,295 shares of company stock worth $191,145,900.