Blue Owl Capital Inc. (NYSE:OWL) Given Average Rating of “Moderate Buy” by Analysts

Blue Owl Capital Inc. (NYSE:OWL) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.27.

Several equities research analysts have issued reports on the stock. Evercore ISI boosted their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. UBS Group upgraded shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research report on Monday, June 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price target on shares of Blue Owl Capital in a research note on Friday, June 28th.

Blue Owl Capital Stock Performance

Shares of OWL opened at $17.53 on Friday. The company has a 50-day simple moving average of $18.19 and a 200-day simple moving average of $17.36. Blue Owl Capital has a 52 week low of $10.64 and a 52 week high of $19.87. The firm has a market capitalization of $25.05 billion, a P/E ratio of 146.08, a P/E/G ratio of 1.08 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. As a group, equities analysts forecast that Blue Owl Capital will post 0.82 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.11%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, May 20th. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors boosted its holdings in Blue Owl Capital by 0.3% during the first quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock worth $1,194,576,000 after buying an additional 163,377 shares during the last quarter. Vanguard Group Inc. boosted its stake in Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock worth $768,199,000 after acquiring an additional 250,977 shares during the last quarter. Capital International Investors grew its holdings in Blue Owl Capital by 0.3% during the first quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock valued at $627,754,000 after purchasing an additional 107,321 shares during the period. Capital Research Global Investors increased its stake in Blue Owl Capital by 11.9% in the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock valued at $198,268,000 after purchasing an additional 1,121,064 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in Blue Owl Capital by 6.5% in the first quarter. Westfield Capital Management Co. LP now owns 4,529,065 shares of the company’s stock worth $85,418,000 after purchasing an additional 277,526 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.