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

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $25.10.

A number of research analysts have commented on OWL shares. Keefe, Bruyette & Woods upped their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. UBS Group upped their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th.

Blue Owl Capital Trading Up 3.7 %

Shares of NYSE OWL opened at $24.28 on Tuesday. Blue Owl Capital has a 12-month low of $14.85 and a 12-month high of $25.03. The stock has a market cap of $36.26 billion, a PE ratio of 142.81, a P/E/G ratio of 1.29 and a beta of 1.14. The company has a 50-day moving average of $23.54 and a 200 day moving average of $20.75.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, sell-side analysts forecast that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.55%.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of OWL. ORG Wealth Partners LLC purchased a new position in Blue Owl Capital in the third quarter valued at about $32,000. Versant Capital Management Inc boosted its stake in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after purchasing an additional 1,110 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Blue Owl Capital in the 3rd quarter worth approximately $138,000. Signaturefd LLC grew its position in shares of Blue Owl Capital by 19.3% in the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after purchasing an additional 1,476 shares during the period. Finally, Chiron Investment Management LLC acquired a new position in shares of Blue Owl Capital during the 3rd quarter valued at about $196,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.