Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Target Price at $22.98

Shares of Blue Owl Capital Inc. (NYSE:OWL) have received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.56.

A number of equities analysts have recently issued reports on the company. Oppenheimer increased their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Piper Sandler upped their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upped their price objective 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. Finally, Evercore ISI lifted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OWL. ORG Wealth Partners LLC acquired a new stake in Blue Owl Capital during the 3rd quarter worth $32,000. Family Firm Inc. acquired a new stake in shares of Blue Owl Capital during the second quarter worth $40,000. Rothschild Investment LLC bought a new stake in Blue Owl Capital in the second quarter valued at about $45,000. Wilmington Savings Fund Society FSB acquired a new position in Blue Owl Capital in the third quarter valued at about $138,000. Finally, Signaturefd LLC boosted its holdings in Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after buying an additional 1,476 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL opened at $23.49 on Friday. The company has a market capitalization of $35.08 billion, a P/E ratio of 138.18, a P/E/G ratio of 1.66 and a beta of 1.14. The firm’s fifty day moving average price is $23.24 and its two-hundred day moving average price is $19.85. Blue Owl Capital has a fifty-two week low of $14.37 and a fifty-two week high of $25.03.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $600.88 million during the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.16 EPS. On average, equities research analysts expect that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

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.