Blue Owl Capital Inc. (NYSE:OWL) Receives Average Recommendation of “Moderate Buy” from Analysts

Blue Owl Capital Inc. (NYSE:OWL) has received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.31.

OWL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer lifted their price target on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JMP Securities lifted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a report on Friday, November 15th. Evercore ISI lifted their price target on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th.

Institutional Trading of Blue Owl Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at $112,749,000. Foster Victor Wealth Advisors LLC raised its stake in shares of Blue Owl Capital by 12.3% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company’s stock valued at $12,954,000 after purchasing an additional 77,253 shares during the period. Janus Henderson Group PLC raised its stake in shares of Blue Owl Capital by 32.6% during the 1st quarter. Janus Henderson Group PLC now owns 330,095 shares of the company’s stock valued at $6,224,000 after purchasing an additional 81,222 shares during the period. Comerica Bank raised its stake in shares of Blue Owl Capital by 10.1% during the 1st quarter. Comerica Bank now owns 824,067 shares of the company’s stock valued at $15,542,000 after purchasing an additional 75,802 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Blue Owl Capital by 41.8% during the 3rd quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock valued at $5,972,000 after purchasing an additional 90,998 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Up 0.9 %

Shares of NYSE:OWL opened at $24.55 on Monday. The stock has a market cap of $36.67 billion, a price-to-earnings ratio of 144.41, a PEG ratio of 1.63 and a beta of 1.14. Blue Owl Capital has a 12-month low of $13.01 and a 12-month high of $24.70. The business’s 50 day moving average is $21.55 and its 200 day moving average is $19.15.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, equities research analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.93%. Blue Owl Capital’s payout ratio is 423.53%.

Blue Owl Capital Company Profile

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.