Blue Owl Capital (NYSE:OWL) Given Market Outperform Rating at JMP Securities

JMP Securities reissued their market outperform rating on shares of Blue Owl Capital (NYSE:OWL) in a research note published on Friday,Benzinga reports. JMP Securities currently has a $32.00 price objective on the stock, up from their previous price objective of $30.00.

OWL has been the subject of a number of other reports. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Oppenheimer raised their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Citigroup restated a “buy” rating and issued a $30.00 price target on shares of Blue Owl Capital in a research report on Thursday, January 23rd. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Piper Sandler boosted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.27.

Blue Owl Capital Price Performance

OWL opened at $23.56 on Friday. Blue Owl Capital has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The company’s 50 day moving average price is $24.05 and its two-hundred day moving average price is $21.42. The firm has a market capitalization of $35.19 billion, a price-to-earnings ratio of 138.60, a PEG ratio of 1.41 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. As a group, equities research analysts predict that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

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. ORG Wealth Partners LLC acquired a new stake in Blue Owl Capital in the third quarter valued at approximately $32,000. Allworth Financial LP grew its position in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the period. Jones Financial Companies Lllp grew its position in Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after purchasing an additional 1,315 shares during the period. Versant Capital Management Inc increased its stake in Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after buying an additional 450 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

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.