Weekly Analysts’ Ratings Updates for Blue Owl Capital (OWL)

Several analysts have recently updated their ratings and price targets for Blue Owl Capital (NYSE: OWL):

• 7/10/2024 – Blue Owl Capital had its price target lowered by analysts at Piper Sandler from $23.00 to $21.00. They now have an “overweight” rating on the stock.
• 7/10/2024 – Blue Owl Capital had its price target lowered by analysts at UBS Group AG from $22.00 to $21.00. They now have a “buy” rating on the stock.
• 7/8/2024 – Blue Owl Capital had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $19.00 price target on the stock, down previously from $21.50.
• 6/28/2024 – Blue Owl Capital had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $23.00 price target on the stock.
• 6/13/2024 – Blue Owl Capital had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $18.50 price target on the stock.
• 6/10/2024 – Blue Owl Capital had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $21.00 price target on the stock.

Blue Owl Capital Price Performance

NYSE:OWL traded up $0.44 during trading hours on Tuesday, hitting $18.25. The company’s stock had a trading volume of 2,711,564 shares, compared to its average volume of 5,107,918. Blue Owl Capital Inc. has a twelve month low of $10.64 and a twelve month high of $19.87. The stock has a fifty day simple moving average of $17.99 and a 200-day simple moving average of $17.52. The company has a market capitalization of $26.08 billion, a P/E ratio of 152.08, a PEG ratio of 1.11 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 2nd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. The firm had revenue of $486.55 million for the quarter, compared to the consensus estimate of $478.47 million. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.81 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost 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 Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OWL. Kinetic Partners Management LP acquired a new position in Blue Owl Capital during the 1st quarter valued at about $69,600,000. Capital International Investors boosted its position in shares of Blue Owl Capital by 12.0% during the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock valued at $494,347,000 after buying an additional 3,565,657 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Blue Owl Capital during the fourth quarter worth $46,030,000. Allspring Global Investments Holdings LLC purchased a new stake in Blue Owl Capital in the 1st quarter valued at $48,517,000. Finally, Vanguard Group Inc. lifted 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 valued at $520,983,000 after acquiring an additional 1,293,941 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

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.