Blue Owl Capital Inc. (NYSE:OWL) Receives $22.38 Average Target Price from Analysts

Blue Owl Capital Inc. (NYSE:OWL) has been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.3846.

OWL has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, October 8th. Raymond James Financial started coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a “market perform” rating on the stock. The Goldman Sachs Group lowered their price objective on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Evercore ISI upped their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th.

Blue Owl Capital Stock Up 3.1%

Shares of NYSE OWL opened at $16.69 on Thursday. Blue Owl Capital has a 12-month low of $14.55 and a 12-month high of $26.73. The firm’s 50-day simple moving average is $17.89 and its 200 day simple moving average is $18.48. The company has a market cap of $25.85 billion, a price-to-earnings ratio of 185.42, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. On average, equities analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital’s payout ratio is currently 1,000.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Banque Transatlantique SA bought a new stake in Blue Owl Capital in the first quarter valued at about $31,000. SVB Wealth LLC acquired a new position in shares of Blue Owl Capital during the 1st quarter worth about $38,000. Cullen Frost Bankers Inc. increased its stake in shares of Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock valued at $42,000 after acquiring an additional 583 shares during the last quarter. Allworth Financial LP raised its position in shares of Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock valued at $45,000 after acquiring an additional 998 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new position in Blue Owl Capital during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.