Blue Owl Capital Inc. (NYSE:OWL) Receives $22.31 Average Target Price from Analysts

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.31.

OWL has been the topic of a number of analyst reports. Oppenheimer upped their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Evercore ISI upped their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. UBS Group raised their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Piper Sandler increased their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st.

Blue Owl Capital Price Performance

OWL opened at $23.77 on Monday. Blue Owl Capital has a fifty-two week low of $13.01 and a fifty-two week high of $25.03. The company’s 50 day moving average price is $21.80 and its two-hundred day moving average price is $19.23. The firm has a market capitalization of $35.50 billion, a price-to-earnings ratio of 140.60, a PEG ratio of 1.63 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $600.88 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.16 earnings per share. As a group, equities research analysts predict that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.03%. Blue Owl Capital’s payout ratio is currently 423.55%.

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently modified their holdings of OWL. Russell Investments Group Ltd. raised its holdings in shares of Blue Owl Capital by 6,783.8% in the 1st quarter. Russell Investments Group Ltd. now owns 25,470 shares of the company’s stock worth $480,000 after acquiring an additional 25,100 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Blue Owl Capital in the first quarter valued at approximately $738,000. Janus Henderson Group PLC lifted its holdings in shares of Blue Owl Capital by 32.6% in the first quarter. Janus Henderson Group PLC now owns 330,095 shares of the company’s stock valued at $6,224,000 after purchasing an additional 81,222 shares in the last quarter. Dynasty Wealth Management LLC purchased a new position in shares of Blue Owl Capital during the first quarter valued at approximately $286,000. Finally, California State Teachers Retirement System grew its holdings in Blue Owl Capital by 3.8% during the first quarter. California State Teachers Retirement System now owns 415,884 shares of the company’s stock worth $7,844,000 after buying an additional 15,179 shares in the last quarter. 35.85% of the stock is currently owned by 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.