Blue Owl Capital Inc. (NYSE:OWL) Stock Has Average Price Target of $13.77

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $13.56.

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a research report on Monday, August 3rd. Wells Fargo & Company assumed coverage on shares of Blue Owl Capital in a research note on Friday, October 2nd. They set an “equal weight” rating and a $10.00 price objective for the company. BMO Capital Markets increased their price objective on shares of Blue Owl Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Barclays raised their target price on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OWL. Burk Holdings LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter worth $27,000. Essential Partners LLC boosted its position in shares of Blue Owl Capital by 739.7% during the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after acquiring an additional 2,833 shares during the last quarter. CX Institutional boosted its position in shares of Blue Owl Capital by 881.5% during the 2nd quarter. CX Institutional now owns 3,396 shares of the company’s stock valued at $30,000 after acquiring an additional 3,050 shares during the last quarter. Center for Financial Planning Inc. grew its holdings in shares of Blue Owl Capital by 2,100.0% in the first quarter. Center for Financial Planning Inc. now owns 4,400 shares of the company’s stock valued at $40,000 after purchasing an additional 4,200 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Blue Owl Capital by 118.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 4,577 shares of the company’s stock valued at $40,000 after purchasing an additional 2,485 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OWL opened at $9.07 on Thursday. The stock has a 50 day moving average price of $10.84 and a 200 day moving average price of $9.92. Blue Owl Capital has a one year low of $7.95 and a one year high of $17.33. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 75.63, a PEG ratio of 1.07 and a beta of 1.35.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The company had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. On average, analysts predict that Blue Owl Capital will post 0.88 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.

Blue Owl Capital Company Profile

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals and private wealth clients. The company manages capital across credit, real assets and other alternative investment strategies.

Its credit business focuses on areas such as direct lending, technology lending and opportunistic credit, providing financing to middle-market companies and other borrowers. Blue Owl’s GP Strategic Capital business supplies long-term capital solutions to private-market investment managers, while its real estate platform invests in strategies including net lease and real estate credit.

Blue Owl was formed in 2020 through the combination of Owl Rock Capital Partners and Dyal Capital Partners and became a publicly traded company in 2021.