Blue Owl Capital Inc. (NYSE:OWL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.98.

OWL has been the subject of several research reports. Evercore ISI raised their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company increased their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in OWL. Franklin Resources Inc. lifted its position in Blue Owl Capital by 12.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company’s stock worth $54,573,000 after buying an additional 311,385 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Blue Owl Capital during the third quarter worth approximately $138,000. Sanctuary Advisors LLC lifted its position in shares of Blue Owl Capital by 37.7% during the third quarter. Sanctuary Advisors LLC now owns 75,869 shares of the company’s stock worth $1,469,000 after purchasing an additional 20,774 shares in the last quarter. Hohimer Wealth Management LLC grew its stake in shares of Blue Owl Capital by 4.3% during the third quarter. Hohimer Wealth Management LLC now owns 40,066 shares of the company’s stock valued at $776,000 after purchasing an additional 1,656 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Blue Owl Capital by 149.5% in the third quarter. TD Private Client Wealth LLC now owns 32,430 shares of the company’s stock valued at $628,000 after purchasing an additional 19,434 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $23.10 on Friday. The firm’s 50-day moving average is $23.20 and its 200-day moving average is $19.80. The company has a market cap of $34.50 billion, a price-to-earnings ratio of 135.89, a PEG ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a 52-week low of $14.37 and a 52-week high of $25.03.

Blue Owl Capital (NYSE:OWL) last issued its quarterly 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. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The firm had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the previous year, the company posted $0.16 earnings per share. Equities analysts predict that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.12%. 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.