JMP Securities Issues Positive Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price target upped by JMP Securities from $25.00 to $27.00 in a report released on Friday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other research analysts have also weighed in on OWL. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Oppenheimer increased their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.31.

Blue Owl Capital Stock Performance

OWL opened at $23.08 on Friday. The business’s 50-day simple moving average is $21.01 and its 200 day simple moving average is $18.99. Blue Owl Capital has a 52-week low of $13.01 and a 52-week high of $24.17. The firm has a market capitalization of $33.77 billion, a PE ratio of 135.74, a PEG ratio of 1.51 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, research analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.12%. Blue Owl Capital’s payout ratio is 423.55%.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new position in shares of Blue Owl Capital in the first quarter worth $26,000. ORG Partners LLC bought a new position in Blue Owl Capital in the 2nd quarter valued at about $32,000. ORG Wealth Partners LLC bought a new stake in shares of Blue Owl Capital during the 3rd quarter worth approximately $32,000. Family Firm Inc. bought a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $40,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $45,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.