Blue Owl Capital Inc. (NYSE:OWL) Receives $18.84 Consensus Target Price from Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.48.

A number of brokerages have recently issued reports on OWL. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. The Goldman Sachs Group upped their target price on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 target price on shares of Blue Owl Capital in a report on Thursday, April 4th. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $22.00 in a report on Tuesday, April 2nd. Finally, Piper Sandler upped their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th.

Blue Owl Capital Trading Up 0.3 %

Shares of OWL opened at $18.37 on Friday. Blue Owl Capital has a 1-year low of $9.70 and a 1-year high of $19.87. The firm has a fifty day simple moving average of $18.16 and a two-hundred day simple moving average of $15.47. The firm has a market cap of $26.25 billion, a PE ratio of 183.72, a P/E/G ratio of 1.19 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The firm had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same quarter in the previous year, the firm posted $0.15 EPS. As a group, research analysts forecast that Blue Owl Capital will post 0.84 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s payout ratio is currently 560.06%.

Insiders Place Their Bets

In other Blue Owl Capital news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 33.39% of the company’s stock.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently made changes to their positions in OWL. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $32,000. Quantbot Technologies LP purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $33,000. Finally, Private Trust Co. NA purchased a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $40,000. 35.85% of the stock is currently owned by hedge funds and other 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.