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

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.33.

OWL has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Barclays started coverage on Blue Owl Capital in a report on Monday, February 24th. They issued an “overweight” rating and a $29.00 target price on the stock. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Citigroup reaffirmed a “buy” rating and set a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd.

Blue Owl Capital Trading Down 1.1 %

Shares of OWL opened at $20.19 on Friday. Blue Owl Capital has a 1-year low of $15.18 and a 1-year high of $26.73. The stock has a market capitalization of $31.04 billion, a P/E ratio of 118.74, a P/E/G ratio of 1.23 and a beta of 1.19. The business’s 50-day moving average price is $22.46 and its 200 day moving average price is $22.35.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, research analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 423.53%.

Institutional Trading of Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. acquired a new stake in Blue Owl Capital in the 4th quarter worth approximately $27,000. Allworth Financial LP raised its position in shares of Blue Owl Capital by 43.3% in the fourth 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 lifted its stake in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after buying an additional 1,315 shares during the last quarter. Versant Capital Management Inc boosted its holdings 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 buying an additional 1,110 shares during the period. Finally, Principal Securities Inc. raised its holdings in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after acquiring an additional 450 shares during the period. 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.