Blue Owl Capital (NYSE:OWL) Price Target Raised to $26.00

Blue Owl Capital (NYSE:OWL) had its target price raised by Keefe, Bruyette & Woods from $22.00 to $26.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group upped their target price 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. Evercore ISI lifted their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Piper Sandler boosted their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Oppenheimer raised their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.56.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $23.49 on Friday. The business has a 50-day simple moving average of $23.24 and a 200 day simple moving average of $19.85. Blue Owl Capital has a one year low of $14.37 and a one year high of $25.03. The firm has a market capitalization of $35.08 billion, a price-to-earnings ratio of 138.18, a PEG ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The firm had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, sell-side analysts expect that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given 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 3.07%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently made changes to their positions in OWL. ORG Wealth Partners LLC bought a new position in Blue Owl Capital during the third quarter valued at about $32,000. Family Firm Inc. bought a new position in shares of Blue Owl Capital during the 2nd quarter valued at approximately $40,000. Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $45,000. Wilmington Savings Fund Society FSB purchased a new position in Blue Owl Capital in the third quarter valued at approximately $138,000. Finally, Signaturefd LLC grew 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 valued at $177,000 after purchasing an additional 1,476 shares during the period. 35.85% of the stock is owned by hedge funds and other 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.