Barclays Begins Coverage on Blue Owl Capital (NYSE:OWL)

Barclays initiated coverage on shares of Blue Owl Capital (NYSE:OWL) in a research report report published on Monday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $29.00 price objective on the stock.

Other equities analysts have also issued reports about the company. Citigroup reaffirmed a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Evercore ISI boosted 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 report on Friday, January 17th. Finally, Wells Fargo & Company cut their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.48.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $21.79 on Monday. The firm’s fifty day moving average price is $23.95 and its 200 day moving average price is $21.88. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 128.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15. Blue Owl Capital has a 12-month low of $15.18 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.30%. Blue Owl Capital’s dividend payout ratio (DPR) is 423.55%.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its position in Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock valued at $593,000 after purchasing an additional 413 shares during the period. Dynasty Wealth Management LLC increased its position in Blue Owl Capital by 0.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock worth $1,828,000 after buying an additional 417 shares during the period. Allworth Financial LP increased its position in Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after buying an additional 428 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in shares of Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after acquiring an additional 443 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after acquiring an additional 450 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.