Blackstone (BX) Files IPO for Blackstone Digital Infrastructure Trust (BXDC)

​Blackstone Inc. (NYSE:BX) is one of the Best Data Center REITs to Buy According to Analysts.. The company operates as a leading alternative asset manager with extensive real estate operations. Recently, the company filed for an IPO of its Blackstone Digital Infrastructure Trust (BXDC), a dedicated data center REIT aiming to raise $1.75 billion to acquire stabilized, income-generating properties leased long-term to investment-grade hyperscalers such as cloud giants.

​As per a Bloomberg report published on May 6, Blackstone Digital Infrastructure Trust Inc plans to list on the NYSE stock exchange under the ticker symbol BXDC. Moreover, Goldman Sachs & Co. LLC, Citigroup, and Morgan Stanley are serving as joint lead book-running managers for the proposed offering.

​That said, on April 27, Piper Sandler raised the price target on Blackstone from $122 to $130, while maintaining a Neutral rating on the shares. The updated price target follows the company’s fiscal Q1 2026 earnings, released on April 23. During the quarter, Blackstone Inc. (NYSE:BX) posted $3.43 billion in revenue, up 24.22% year-over-year and ahead of expectations by $37.35 million. Moreover, the GAAP EPS of $1.36 also surpassed expectations by $0.04.

​Piper Sandler noted the quarter to be the second-best fundraising performance since 2022. The firm lowered its earnings estimates to $5.91 from $6.11 for 2026 and to $7.57 from $7.66 for 2027. The firm noted expected pressure on management fees from softness in credit fee-earning assets under management and real estate fees.

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