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

Blue Owl Capital Inc. (NYSE:OWL) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $24.0208.

Several equities research analysts have commented on OWL shares. Evercore ISI upped their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Barclays increased their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Piper Sandler increased their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a report on Wednesday, July 2nd. Raymond James Financial assumed coverage on shares of Blue Owl Capital in a report on Monday, July 28th. They issued a “market perform” rating on the stock. Finally, Cowen reissued a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th.

Blue Owl Capital Stock Up 0.4%

NYSE OWL opened at $17.35 on Friday. The company has a market cap of $26.89 billion, a PE ratio of 192.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16. Blue Owl Capital has a 52 week low of $14.55 and a 52 week high of $26.73. The firm’s 50-day simple moving average is $18.99 and its two-hundred day simple moving average is $18.90.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. As a group, equities research analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital’s dividend payout ratio is presently 1,000.00%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently modified their holdings of OWL. Vise Technologies Inc. lifted its position in Blue Owl Capital by 4.6% during the fourth quarter. Vise Technologies Inc. now owns 10,947 shares of the company’s stock valued at $255,000 after buying an additional 478 shares during the period. State of Wyoming lifted its position in Blue Owl Capital by 27.1% during the fourth quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $55,000 after buying an additional 503 shares during the period. Insigneo Advisory Services LLC lifted its position in Blue Owl Capital by 2.7% during the second quarter. Insigneo Advisory Services LLC now owns 19,521 shares of the company’s stock valued at $375,000 after buying an additional 516 shares during the period. Cullen Frost Bankers Inc. lifted its position in Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock valued at $42,000 after buying an additional 583 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Blue Owl Capital by 6.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,195 shares of the company’s stock valued at $239,000 after buying an additional 724 shares during the period. 35.85% of the stock is 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.