Blackstone Digital Infrastructure Trust Inc.’s (NYSE:BXDC) Lock-Up Period Set To End on November 10th

Blackstone Digital Infrastructure Trust’s (NYSE:BXDC) lock-up period will end on Tuesday, November 10th. Blackstone Digital Infrastructure Trust had issued 87,500,000 shares in its public offering on May 14th. The total size of the offering was $1,750,000,000 based on an initial share price of $20.00. After the expiration of Blackstone Digital Infrastructure Trust’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BXDC shares. Wall Street Zen upgraded Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings cut Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th. BMO Capital Markets lowered their target price on shares of Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 4th. Finally, Citigroup raised shares of Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and decreased their price target for the company from $23.00 to $20.00 in a research note on Monday, October 12th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Digital Infrastructure Trust currently has a consensus rating of “Hold” and a consensus target price of $23.46.

Blackstone Digital Infrastructure Trust Trading Up 1.4%

Blackstone Digital Infrastructure Trust stock opened at $15.98 on Friday. Blackstone Digital Infrastructure Trust has a fifty-two week low of $15.35 and a fifty-two week high of $22.90. The firm has a fifty day moving average price of $17.83.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BXDC. Sterling Capital Management LLC bought a new stake in shares of Blackstone Digital Infrastructure Trust in the 3rd quarter valued at about $36,000. Farther Finance Advisors LLC bought a new position in shares of Blackstone Digital Infrastructure Trust in the 3rd quarter valued at $102,000. Joel Isaacson & Co. LLC bought a new position in Blackstone Digital Infrastructure Trust in the 3rd quarter valued at approximately $207,000. ProShare Advisors LLC bought a new stake in shares of Blackstone Digital Infrastructure Trust during the third quarter worth about $214,000. Finally, Sowell Financial Services LLC acquired a new position in Blackstone Digital Infrastructure Trust during the 3rd quarter worth about $249,000.

About Blackstone Digital Infrastructure Trust

Blackstone Digital Infrastructure Trust is an investment vehicle sponsored by Blackstone that focuses on digital infrastructure assets. Its investment strategy is centered on infrastructure that supports the growth of data usage, cloud computing, artificial intelligence, mobile connectivity and other digital services.

The trust may invest in assets such as data centers, fiber-optic networks, wireless infrastructure and related digital facilities. These assets provide the physical capacity and connectivity required by businesses, telecommunications providers, cloud platforms and other technology users.

Blackstone Digital Infrastructure Trust is part of Blackstone’s broader digital infrastructure investment platform, which seeks opportunities in markets where demand for data storage, processing and transmission is expanding.