Blue Owl Capital (NYSE:OWL) Given New $21.00 Price Target at Piper Sandler

Blue Owl Capital (NYSE:OWL) had its price objective reduced by Piper Sandler from $27.00 to $21.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 15.58% from the stock’s current price.

Several other equities research analysts have also recently weighed in on OWL. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. Keefe, Bruyette & Woods increased their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Oppenheimer increased their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI increased their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, JMP Securities reissued a “market outperform” rating and set a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.10.

Blue Owl Capital Stock Up 14.1 %

OWL opened at $18.17 on Tuesday. Blue Owl Capital has a twelve month low of $14.55 and a twelve month high of $26.73. The company has a fifty day moving average of $20.94 and a 200-day moving average of $22.31. The stock has a market cap of $27.94 billion, a PE ratio of 106.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted 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 4.77% and a return on equity of 20.82%. Sell-side analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in Blue Owl Capital during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock worth $27,000 after purchasing an additional 1,050 shares during the last quarter. Allworth Financial LP boosted its holdings in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Blue Owl Capital by 136.2% during the fourth 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. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

About Blue Owl Capital

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.