Blackstone Digital Infrastructure Trust (NYSE:BXDC) Rating Increased to Moderate Buy at Royal Bank Of Canada

Blackstone Digital Infrastructure Trust (NYSE:BXDC) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also issued reports on the company. Bank of America initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “neutral” rating and a $22.50 target price for the company. Barclays initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued an “overweight” rating and a $24.00 target price for the company. Moffett Nathanson initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “neutral” rating and a $21.00 target price for the company. Wells Fargo & Company initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued an “overweight” rating and a $26.00 target price for the company. Finally, BMO Capital Markets initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “market perform” rating and a $23.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.86.

Blackstone Digital Infrastructure Trust Stock Up 1.1%

BXDC opened at $22.07 on Monday. Blackstone Digital Infrastructure Trust has a 12-month low of $19.60 and a 12-month high of $22.90.

Insider Buying and Selling at Blackstone Digital Infrastructure Trust

In other news, Director Diane M. Morefield acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director owned 12,500 shares in the company, valued at approximately $250,000. The trade was a 66.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the acquisition, the insider owned 9,111,800 shares of the company’s stock, valued at $182,236,000. This represents a -2,529.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 9,557,295 shares of company stock valued at $191,145,900 in the last quarter.