BMO Capital analyst Ari Klein initiates coverage on Blackstone Digital Infrastructure Trust (NYSE: BXDC) with a Market Perform rating and a price target of $23.00.

The analyst comments: “We initiate coverage at Market Perform with a $23 target. BXDC is a blind pool targeting acquisitions of stabilized data centers leased to IG-rated hyperscalers under long-term triple-net contracts. Strong industry fundamentals, premium tenant quality, and 2–3% escalators support attractive long-term growth. However, these are balanced by near term uncertainties around capital deployment pace, external management structure, and reliance on a favorable cost of capital. With BXDC trading at a 9% premium to forward NAV and 22.9x 2027E AFFO/share vs. net lease/DC REITs at 13.1x/23.3x, we view the risk/reward as balanced.”

For an analyst ratings summary and ratings history on Blackstone Digital Infrastructure Trust click here. For more ratings news on Blackstone Digital Infrastructure Trust click here.

Shares of Blackstone Digital Infrastructure Trust closed at $21.84 yesterday.