Blue Owl Capital (NYSE:OWL) Price Target Raised to $25.00

Blue Owl Capital (NYSE:OWL) had its price objective increased by Wells Fargo & Company from $23.00 to $25.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also recently issued reports about the stock. Piper Sandler upped their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Evercore ISI boosted their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Oppenheimer increased their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $22.98.

Blue Owl Capital Price Performance

Shares of OWL opened at $24.37 on Thursday. The firm has a market capitalization of $36.40 billion, a P/E ratio of 143.35, a PEG ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a one year low of $13.61 and a one year high of $25.03. The business has a fifty day moving average of $22.96 and a 200 day moving average of $19.67.

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

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 2.95%. Blue Owl Capital’s payout ratio is 423.53%.

Institutional Trading of Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of OWL. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital during the third quarter valued at about $32,000. ORG Partners LLC bought a new position in Blue Owl Capital during the second quarter valued at approximately $32,000. Family Firm Inc. purchased a new position in Blue Owl Capital during the 2nd quarter valued at approximately $40,000. Rothschild Investment LLC bought a new stake in Blue Owl Capital in the 2nd quarter worth approximately $45,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $88,000. 35.85% of the stock is currently owned by institutional investors.

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.