Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) Stock Has Average Target Price of $23.71

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $23.46.

Several research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Citigroup raised shares of Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $23.00 to $20.00 in a research note on Monday. BMO Capital Markets reduced their price objective on shares of Blackstone Digital Infrastructure Trust from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a report on Saturday, August 29th.

Hedge Funds Weigh In On Blackstone Digital Infrastructure Trust

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in Blackstone Digital Infrastructure Trust during the 3rd quarter valued at about $102,000. State Street Corp bought a new stake in Blackstone Digital Infrastructure Trust during the 2nd quarter worth approximately $9,303,000. Squarepoint Ops LLC purchased a new stake in shares of Blackstone Digital Infrastructure Trust in the second quarter worth approximately $1,426,000. Readystate Asset Management LP purchased a new stake in shares of Blackstone Digital Infrastructure Trust in the second quarter worth approximately $1,127,000. Finally, Fund 1 Investments LLC purchased a new stake in shares of Blackstone Digital Infrastructure Trust in the second quarter worth approximately $2,731,000.

Blackstone Digital Infrastructure Trust Stock Down 4.0%

NYSE BXDC opened at $16.62 on Friday. Blackstone Digital Infrastructure Trust has a 52 week low of $16.43 and a 52 week high of $22.90. The firm’s 50 day moving average price is $19.40.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last issued its earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. On average, equities analysts anticipate that Blackstone Digital Infrastructure Trust will post 0.35 earnings per share for the current fiscal year.

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.