Blue Owl Capital (NYSE:OWL) Earns “Hold” Rating from TD Cowen

TD Cowen restated their hold rating on shares of Blue Owl Capital (NYSE:OWL) in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage currently has a $19.00 price objective on the stock, down from their previous price objective of $21.50.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reissued a neutral rating and set a $18.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 13th. Evercore ISI increased their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an outperform rating in a research report on Thursday, April 4th. Piper Sandler reaffirmed an overweight rating and issued a $23.00 target price on shares of Blue Owl Capital in a report on Friday, June 28th. UBS Group raised shares of Blue Owl Capital from a neutral rating to a buy rating and raised their target price for the company from $18.00 to $22.00 in a report on Tuesday, April 2nd. Finally, 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $19.81.

Blue Owl Capital Trading Up 1.8 %

Shares of OWL opened at $17.23 on Monday. Blue Owl Capital has a 12-month low of $10.64 and a 12-month high of $19.87. The firm has a 50-day moving average price of $18.02 and a 200 day moving average price of $17.45. The firm has a market capitalization of $24.61 billion, a P/E ratio of 143.54, a P/E/G ratio of 1.03 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $486.55 million during 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%. Equities research analysts predict that Blue Owl Capital will post 0.82 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.18%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, May 20th. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank bought a new position in Blue Owl Capital during the 3rd quarter worth $10,375,000. Vanguard Group Inc. grew its stake in Blue Owl Capital by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock worth $520,983,000 after buying an additional 1,293,941 shares during the last quarter. DNB Asset Management AS grew its stake in Blue Owl Capital by 13.3% during the 4th quarter. DNB Asset Management AS now owns 357,814 shares of the company’s stock worth $5,331,000 after buying an additional 41,870 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Blue Owl Capital during the 4th quarter worth $1,944,000. Finally, TrueMark Investments LLC bought a new position in Blue Owl Capital during the 4th quarter worth $1,287,000. 35.85% of the stock is owned by institutional investors and hedge funds.

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.