Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Price Target at $21.65

Blue Owl Capital Inc. (NYSE:OWL) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.15.

A number of equities research analysts have recently weighed in on OWL shares. Wells Fargo & Company lifted their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. JMP Securities boosted their target price on Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Oppenheimer boosted their target price on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group boosted their target price on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Piper Sandler boosted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Stone Point Capital LLC acquired a new stake in shares of Blue Owl Capital in the second quarter worth $112,749,000. Kinetic Partners Management LP purchased a new position in Blue Owl Capital during the 1st quarter valued at about $69,600,000. State of New Jersey Common Pension Fund A purchased a new position in Blue Owl Capital during the 2nd quarter valued at about $63,115,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at about $48,517,000. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Blue Owl Capital in the second quarter worth approximately $32,387,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 4.1 %

OWL opened at $21.45 on Thursday. The business’s 50 day moving average is $19.81 and its 200-day moving average is $18.68. The stock has a market cap of $31.39 billion, a PE ratio of 134.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.18. Blue Owl Capital has a twelve month low of $12.24 and a twelve month high of $24.17.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the previous year, the company posted $0.16 earnings per share. As a group, analysts forecast that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be given a $0.18 dividend. The ex-dividend date is Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.36%. Blue Owl Capital’s dividend payout ratio (DPR) is 450.03%.

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.