Blue Owl Capital Inc. (NYSE:OWL) Receives $20.23 Average Price Target from Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.23.

Several research firms have commented on OWL. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 13th. TD Cowen reissued a “hold” rating and issued a $19.00 price objective (down from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Citigroup reissued a “buy” rating and issued a $21.00 price target on shares of Blue Owl Capital in a research note on Tuesday, May 14th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. purchased a new stake in Blue Owl Capital in the fourth quarter valued at $26,000. Transcendent Capital Group LLC purchased a new stake in Blue Owl Capital in the 1st quarter valued at about $26,000. ORG Partners LLC acquired a new position in Blue Owl Capital in the second quarter valued at about $32,000. Family Firm Inc. purchased a new position in Blue Owl Capital during the second quarter worth about $40,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital in the 2nd quarter valued at approximately $45,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $17.38 on Friday. The stock has a market capitalization of $24.83 billion, a P/E ratio of 144.79, a P/E/G ratio of 1.08 and a beta of 1.18. The company’s fifty day moving average price is $17.83 and its 200 day moving average price is $18.05. Blue Owl Capital has a 1 year low of $10.96 and a 1 year high of $20.13.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.12%. The business had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. Sell-side analysts predict that Blue Owl Capital will post 0.81 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Wednesday, August 21st. Blue Owl Capital’s payout ratio is presently 600.00%.

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.