Brokerages Set Blue Owl Capital Inc. (NYSE:OWL) PT at $14.04

Blue Owl Capital Inc. (NYSE:OWL) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.0357.

A number of equities analysts have weighed in on OWL shares. TD Cowen reaffirmed a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a research note on Monday, May 18th. Citizens Jmp reduced their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. BMO Capital Markets reduced their price target on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Blue Owl Capital in the 4th quarter worth approximately $140,643,000. William Blair Investment Management LLC bought a new stake in Blue Owl Capital in the 4th quarter worth approximately $113,782,000. Boston Partners grew its position in Blue Owl Capital by 121.9% in the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after purchasing an additional 6,677,610 shares during the period. Renaissance Technologies LLC grew its position in Blue Owl Capital by 2,107.1% in the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after purchasing an additional 5,790,400 shares during the period. Finally, Capital World Investors grew its position in Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after purchasing an additional 5,029,134 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $8.55 on Tuesday. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $21.08. The company has a 50 day simple moving average of $9.67 and a two-hundred day simple moving average of $11.39. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 71.21, a P/E/G ratio of 0.90 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The business had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. On average, analysts forecast that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 10.8%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s payout ratio is 766.67%.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.