Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) to a hold rating in a research note released on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company began coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an “overweight” rating and a $26.00 price target for the company. Morgan Stanley initiated coverage on Blackstone Digital Infrastructure Trust in a research note on Wednesday, June 10th. They issued an “equal weight” rating and a $23.00 price objective on the stock. Weiss Ratings upgraded Blackstone Digital Infrastructure Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. BNP Paribas Exane assumed coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, BMO Capital Markets decreased their target price on shares of Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.71.

Blackstone Digital Infrastructure Trust Trading Down 2.3%

Shares of NYSE:BXDC opened at $19.99 on Friday. Blackstone Digital Infrastructure Trust has a 52 week low of $19.20 and a 52 week high of $22.90. The business’s fifty day simple moving average is $20.72.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Equities analysts anticipate that Blackstone Digital Infrastructure Trust will post 0.35 earnings per share for the current year.

Institutional Investors Weigh In On Blackstone Digital Infrastructure Trust

Large investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP bought a new position in shares of Blackstone Digital Infrastructure Trust during the 2nd quarter worth approximately $1,127,000. Fund 1 Investments LLC bought a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at $2,731,000. Finally, Wellington Management Group LLP bought a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter valued at $83,382,000.

About Blackstone Digital Infrastructure Trust

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.