Blue Owl Capital (NYSE:OWL) Price Target Raised to $26.00 at Oppenheimer

Blue Owl Capital (NYSE:OWL) had its price target increased by Oppenheimer from $25.00 to $26.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an “overweight” rating in a research note on Wednesday, July 2nd. Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. Barclays upped their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Finally, Evercore ISI upped their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.02.

Blue Owl Capital Stock Up 1.6%

Shares of NYSE OWL opened at $19.22 on Monday. Blue Owl Capital has a 52-week low of $14.55 and a 52-week high of $26.73. The firm has a fifty day moving average of $18.96 and a 200-day moving average of $20.45. The stock has a market capitalization of $29.55 billion, a PE ratio of 147.82, a P/E/G ratio of 1.29 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. The company had revenue of $620.19 million for the quarter, compared to analysts’ expectations of $636.44 million. Equities research analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.68%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s payout ratio is currently 692.31%.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors have recently added to or reduced their stakes in OWL. Vise Technologies Inc. raised its stake in shares of Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company’s stock valued at $255,000 after purchasing an additional 478 shares in the last quarter. Teza Capital Management LLC raised its stake in shares of Blue Owl Capital by 1.7% in the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company’s stock valued at $673,000 after purchasing an additional 485 shares in the last quarter. State of Wyoming raised its stake in shares of Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $55,000 after purchasing an additional 503 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock valued at $42,000 after purchasing an additional 583 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in shares of Blue Owl Capital by 3.0% in the 4th quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company’s stock valued at $532,000 after purchasing an additional 658 shares in the last quarter. Institutional investors and hedge funds 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.