Blackstone Digital Infrastructure Trust (NYSE:BXDC) Coverage Initiated at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of Blackstone Digital Infrastructure Trust (NYSE:BXDC) in a report released on Monday. The brokerage set a “neutral” rating and a $23.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 5.55% from the stock’s current price.

Several other equities analysts also recently commented on BXDC. Sanford C. Bernstein started coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday. They set an “outperform” rating and a $26.00 price objective for the company. Citigroup started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday. They issued a “neutral” rating and a $23.00 target price on the stock. Bank of America began coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They set a “neutral” rating and a $22.50 price target on the stock. BMO Capital Markets began coverage on Blackstone Digital Infrastructure Trust in a report on Monday. They issued a “market perform” rating and a $23.00 price objective for the company. Finally, Royal Bank Of Canada initiated coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued an “outperform” rating and a $24.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.61.

Blackstone Digital Infrastructure Trust Trading Down 0.2%

Shares of BXDC opened at $21.79 on Monday. Blackstone Digital Infrastructure Trust has a twelve month low of $19.60 and a twelve month high of $22.90.

Insider Transactions at Blackstone Digital Infrastructure Trust

In related news, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of Blackstone Digital Infrastructure Trust stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of the transaction, the insider directly owned 9,111,800 shares of the company’s stock, valued at $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Katharine A. Keenan purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $20.00 per share, with a total value of $500,000.00. Following the completion of the purchase, the director owned 25,000 shares of the company’s stock, valued at $500,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 9,557,295 shares of company stock worth $191,145,900.