Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Target Price at $22.98

Shares of Blue Owl Capital Inc. (NYSE:OWL) have earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $23.73.

A number of brokerages recently commented on OWL. Piper Sandler upped their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Finally, Evercore ISI upped 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.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Blue Owl Capital by 16.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,702 shares of the company’s stock valued at $243,000 after purchasing an additional 1,978 shares in the last quarter. Family Firm Inc. purchased a new position in Blue Owl Capital in the 2nd quarter worth about $40,000. Capital Insight Partners LLC lifted its stake in Blue Owl Capital by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock valued at $579,000 after acquiring an additional 815 shares during the period. Ceredex Value Advisors LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $32,387,000. Finally, Raymond James Trust N.A. grew its stake in shares of Blue Owl Capital by 6.7% in the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock worth $199,000 after acquiring an additional 708 shares during the period. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 0.2 %

Shares of OWL opened at $24.02 on Friday. The stock has a market capitalization of $35.87 billion, a P/E ratio of 141.30, a PEG ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a twelve month low of $14.37 and a twelve month high of $25.03. The firm has a fifty day simple moving average of $23.38 and a two-hundred day simple moving average of $20.03.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the prior year, the business posted $0.16 earnings per share. Sell-side analysts expect that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

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.