Blackstone Digital Infrastructure Trust (NYSE:BXDC – Get Free Report) was upgraded by analysts at BMO Capital Markets to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.
Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set a “neutral” rating and a $23.00 price target on the stock. Wells Fargo & Company began coverage on shares of Blackstone Digital Infrastructure Trust in a research report on Monday. They set an “overweight” rating and a $26.00 price target on the stock. BNP Paribas Exane began coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued an “outperform” rating and a $26.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued a “buy” rating and a $24.00 price target on the stock. Finally, Sanford C. Bernstein began coverage on Blackstone Digital Infrastructure Trust in a research report on Monday. They issued an “outperform” rating and a $26.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.86.
View Our Latest Stock Analysis on Blackstone Digital Infrastructure Trust
Blackstone Digital Infrastructure Trust Trading Up 1.1%
Insider Buying and Selling
In other Blackstone Digital Infrastructure Trust news, insider Nicholas L. Pell bought 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $20.00 per share, with a total value of $500,000.00. Following the transaction, the insider owned 25,000 shares of the company’s stock, valued at approximately $500,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Diane M. Morefield bought 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the transaction, the director directly owned 12,500 shares in the company, valued at approximately $250,000. This represents a 66.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 9,557,295 shares of company stock worth $191,145,900 over the last ninety days.
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