Blackstone Digital Infrastructure Trust (NYSE:BXDC) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday. They set a “buy” rating and a $24.00 price target for the company. Bank of America started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $22.50 price objective for the company. BMO Capital Markets started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “market perform” rating and a $23.00 price objective for the company. Citigroup started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Moffett Nathanson started coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $21.00 price objective for the company. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $23.79.

Blackstone Digital Infrastructure Trust Stock Performance

Blackstone Digital Infrastructure Trust stock opened at $21.81 on Tuesday. Blackstone Digital Infrastructure Trust has a 52-week low of $19.60 and a 52-week high of $22.90.

Insiders Place Their Bets

In other news, insider Anthony F. Marone, Jr. acquired 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, with a total value of $200,000.00. Following the acquisition, the insider directly owned 10,000 shares of the company’s stock, valued at $200,000. The trade was a ? 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, Director Katharine A. Keenan acquired 25,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the director directly owned 25,000 shares in the company, valued at approximately $500,000. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 9,557,295 shares of company stock worth $191,145,900 in the last quarter.