Blue Owl Capital (NYSE:OWL) Given New $23.00 Price Target at Citigroup

Blue Owl Capital (NYSE:OWL) had its price target lowered by Citigroup from $30.00 to $23.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their target price on Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. Evercore ISI boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Keefe, Bruyette & Woods raised their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.10.

Blue Owl Capital Trading Down 2.9 %

Shares of OWL opened at $15.93 on Tuesday. The firm has a fifty day simple moving average of $21.25 and a two-hundred day simple moving average of $22.35. The firm has a market cap of $24.50 billion, a PE ratio of 93.72, a P/E/G ratio of 1.23 and a beta of 1.20. Blue Owl Capital has a 1-year low of $14.55 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, research analysts forecast that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.52%. Blue Owl Capital’s dividend payout ratio (DPR) is 423.53%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its position in Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock valued at $27,000 after purchasing an additional 1,050 shares during the last quarter. Allworth Financial LP grew its stake in shares of Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after buying an additional 428 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after buying an additional 1,315 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

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.