Blackstone Digital Infrastructure Trust Inc. (BXDC) – What Are Investment Firms Thinking About This Stock?

Shares of Blackstone Digital Infrastructure Trust Inc. (NYSE:BXDC) have earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $23.46.

BXDC has been the topic of several recent analyst reports. Weiss Ratings downgraded Blackstone Digital Infrastructure Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 16th. Citigroup raised Blackstone Digital Infrastructure Trust from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $23.00 to $20.00 in a research note on Monday, October 12th. Wall Street Zen upgraded shares of Blackstone Digital Infrastructure Trust to a “hold” rating in a research note on Saturday, August 29th. Finally, 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.

Blackstone Digital Infrastructure Trust Trading Up 0.4%

NYSE BXDC opened at $16.11 on Thursday. The stock has a 50-day moving average price of $18.02. Blackstone Digital Infrastructure Trust has a 52 week low of $15.41 and a 52 week high of $22.90. The company has a market cap of $1.62 billion and a PE ratio of 115.07.

Blackstone Digital Infrastructure Trust (NYSE:BXDC) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. As a group, equities research analysts anticipate that Blackstone Digital Infrastructure Trust will post 0.35 earnings per share for the current year.

Institutional Trading of Blackstone Digital Infrastructure Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new stake in shares of Blackstone Digital Infrastructure Trust in the 2nd quarter worth approximately $83,382,000. Pictet Asset Management Holding SA boosted its holdings in shares of Blackstone Digital Infrastructure Trust by 6.7% in the third quarter. Pictet Asset Management Holding SA now owns 444,275 shares of the company’s stock valued at $7,704,000 after acquiring an additional 28,068 shares in the last quarter. State Street Corp acquired a new position in shares of Blackstone Digital Infrastructure Trust during the second quarter valued at approximately $9,303,000. Asset Management One Co. Ltd. raised its holdings in Blackstone Digital Infrastructure Trust by 2,525.0% during the third quarter. Asset Management One Co. Ltd. now owns 127,128 shares of the company’s stock worth $2,204,000 after purchasing an additional 122,285 shares in the last quarter. Finally, Fund 1 Investments LLC bought a new stake in Blackstone Digital Infrastructure Trust during the second quarter worth approximately $2,731,000.

Blackstone Digital Infrastructure Trust Company Profile

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.