JMP Securities Boosts Blue Owl Capital (NYSE:OWL) Price Target to $25.00

Blue Owl Capital (NYSE:OWL) had its price objective lifted by JMP Securities from $24.00 to $25.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer raised shares of Blue Owl Capital from a market perform rating to an outperform rating and set a $21.00 target price for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. reiterated a neutral rating and issued a $18.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 13th. Wells Fargo & Company initiated coverage on shares of Blue Owl Capital in a research note on Thursday, September 12th. They issued an equal weight rating and a $18.50 price target for the company. Evercore ISI increased their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an outperform rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Blue Owl Capital from $21.00 to $20.00 and set a buy rating for the company in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of Moderate Buy and an average price target of $20.90.

Blue Owl Capital Trading Up 2.1 %

NYSE:OWL opened at $21.40 on Wednesday. The company has a 50-day moving average price of $18.11 and a 200-day moving average price of $18.26. Blue Owl Capital has a 12 month low of $12.11 and a 12 month high of $21.56. The stock has a market cap of $31.32 billion, a price-to-earnings ratio of 133.76, a P/E/G ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The firm had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. During the same period last year, the company posted $0.16 EPS. Equities analysts forecast that Blue Owl Capital will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. Blue Owl Capital’s dividend payout ratio is currently 450.03%.

Institutional Trading of Blue Owl Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Blue Owl Capital during the 1st quarter valued at about $26,000. ORG Partners LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $32,000. ORG Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $32,000. Family Firm Inc. purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $40,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $45,000. 35.85% of the stock is currently owned by institutional investors.

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.