Blue Owl Capital Inc. (NYSE:OWL) Receives $20.27 Average Price Target from Brokerages

Blue Owl Capital Inc. (NYSE:OWL) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.27.

Several research analysts have issued reports on OWL shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.50 price target on shares of Blue Owl Capital in a report on Thursday, June 13th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research report on Thursday, April 4th. JMP Securities restated a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a report on Tuesday, April 9th. Piper Sandler reiterated an “overweight” rating and set a $23.00 price objective on shares of Blue Owl Capital in a report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research report on Monday, June 10th.

Blue Owl Capital Stock Up 0.9 %

Shares of OWL stock opened at $17.70 on Friday. The company has a market cap of $25.29 billion, a price-to-earnings ratio of 147.50, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. Blue Owl Capital has a 52 week low of $10.64 and a 52 week high of $19.87. The firm has a 50 day moving average of $18.15 and a 200-day moving average of $17.37.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. Analysts anticipate that Blue Owl Capital will post 0.82 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, May 21st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.07%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, May 20th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in Blue Owl Capital by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock worth $53,948,000 after buying an additional 100,188 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Blue Owl Capital by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock worth $520,983,000 after purchasing an additional 1,293,941 shares during the period. Principal Financial Group Inc. lifted its stake in Blue Owl Capital by 744.2% in the fourth quarter. Principal Financial Group Inc. now owns 326,718 shares of the company’s stock valued at $4,868,000 after purchasing an additional 288,015 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Blue Owl Capital during the fourth quarter valued at $9,929,000. Finally, Wells Fargo & Company MN increased its position in Blue Owl Capital by 12.1% in the fourth quarter. Wells Fargo & Company MN now owns 715,309 shares of the company’s stock worth $10,658,000 after buying an additional 76,935 shares during the last quarter. 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.