Blue Owl Capital’s (OWL) Buy Rating Reiterated at Citigroup

Citigroup reissued their buy rating on shares of Blue Owl Capital (NYSE:OWL) in a research note published on Thursday, MarketBeat reports. The firm currently has a $30.00 price objective on the stock.

A number of other analysts also recently issued reports on OWL. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Wells Fargo & Company dropped their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler increased their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.85.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $26.68 on Thursday. The company has a 50 day moving average price of $23.79 and a two-hundred day moving average price of $20.96. The company has a market capitalization of $39.85 billion, a PE ratio of 156.97, a PEG ratio of 1.39 and a beta of 1.14. Blue Owl Capital has a 52 week low of $15.18 and a 52 week high of $26.73.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.70%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after buying an additional 1,372,865 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after acquiring an additional 293,221 shares in the last quarter. Barclays PLC grew its stake in Blue Owl Capital by 13.7% in the third quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock valued at $30,430,000 after acquiring an additional 189,082 shares during the period. Capital CS Group LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $620,000. Finally, Raymond James & Associates raised its position in shares of Blue Owl Capital by 41.8% during the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after purchasing an additional 90,998 shares during the period. 35.85% of the stock is owned by 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.