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

Blue Owl Capital Inc. (NYSE:OWL) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $23.73.

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Evercore ISI lifted their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Institutional Trading of Blue Owl Capital

A number of large investors have recently added to or reduced their stakes in OWL. JPMorgan Chase & Co. lifted its position in Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Blue Owl Capital by 12.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company’s stock valued at $54,573,000 after buying an additional 311,385 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Blue Owl Capital in the 3rd quarter valued at about $138,000. Sanctuary Advisors LLC grew its position in Blue Owl Capital by 37.7% in the third quarter. Sanctuary Advisors LLC now owns 75,869 shares of the company’s stock worth $1,469,000 after acquiring an additional 20,774 shares in the last quarter. Finally, Hohimer Wealth Management LLC increased its stake in Blue Owl Capital by 4.3% during the third quarter. Hohimer Wealth Management LLC now owns 40,066 shares of the company’s stock worth $776,000 after acquiring an additional 1,656 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 0.2 %

OWL opened at $24.02 on Friday. The company’s 50 day moving average is $23.38 and its 200 day moving average is $20.03. The company has a market cap of $35.87 billion, a price-to-earnings ratio of 141.30, a PEG ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a 12-month low of $14.37 and a 12-month high of $25.03.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The business had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same period last year, the firm earned $0.16 earnings per share. As a group, analysts predict that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. Blue Owl Capital’s payout ratio is 423.53%.

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.