Analysts Set Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) PT at $23.79

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $23.7917.

Several research analysts have recently commented on BXDC shares. Royal Bank Of Canada initiated coverage on shares of Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They issued an “outperform” rating and a $24.00 price target for the company. Sanford C. Bernstein started coverage on Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They issued an “outperform” rating and a $26.00 price target for the company. Moffett Nathanson initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research note on Monday, June 8th. They set a “neutral” rating and a $21.00 price objective on the stock. Citigroup initiated coverage on Blackstone Digital Infrastructure Trust in a report on Monday, June 8th. They set a “neutral” rating and a $23.00 target price on the stock. Finally, BNP Paribas Exane assumed coverage on shares of 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.

Blackstone Digital Infrastructure Trust Price Performance

NYSE:BXDC opened at $20.88 on Tuesday. Blackstone Digital Infrastructure Trust has a one year low of $19.20 and a one year high of $22.90. The stock has a 50-day moving average price of $21.31.

Insider Buying and Selling

In related news, Director Katharine A. Keenan acquired 25,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, with a total value of $500,000.00. Following the completion of the transaction, the director owned 25,000 shares of the company’s stock, valued at approximately $500,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of the stock in a transaction dated 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 acquisition, the insider owned 9,111,800 shares in the company, valued at $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 9,557,295 shares of company stock valued at $191,145,900.

Blackstone Digital Infrastructure Trust Inc is a real estate company in the Data Center REITs industry.