Blue Owl Capital Inc. (NYSE:OWL) Receives $22.31 Consensus PT from Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been given an average rating of “Moderate Buy” by the twelve analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.31.

Several brokerages recently weighed in on OWL. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. UBS Group boosted their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JMP Securities upped their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently made changes to their positions in the stock. Stone Point Capital LLC acquired a new position in shares of Blue Owl Capital during the second quarter valued at about $112,749,000. Foster Victor Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 12.3% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company’s stock worth $12,954,000 after acquiring an additional 77,253 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Blue Owl Capital by 32.6% in the 1st quarter. Janus Henderson Group PLC now owns 330,095 shares of the company’s stock worth $6,224,000 after acquiring an additional 81,222 shares during the last quarter. Comerica Bank raised its holdings in shares of Blue Owl Capital by 10.1% in the 1st quarter. Comerica Bank now owns 824,067 shares of the company’s stock worth $15,542,000 after acquiring an additional 75,802 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after acquiring an additional 293,221 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Down 0.2 %

Shares of Blue Owl Capital stock opened at $23.73 on Monday. Blue Owl Capital has a twelve month low of $13.01 and a twelve month high of $25.03. The stock has a market cap of $35.44 billion, a price-to-earnings ratio of 139.60, a P/E/G ratio of 1.59 and a beta of 1.14. The company’s fifty day moving average is $22.02 and its 200 day moving average is $19.30.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, equities analysts anticipate that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.03%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

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.