Blue Owl Capital (NYSE:OWL) Price Target Raised to $27.00 at JMP Securities

Blue Owl Capital (NYSE:OWL) had its target price lifted by JMP Securities from $25.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other equities analysts have also weighed in on the stock. Oppenheimer lifted their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price 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. Wells Fargo & Company upped their price target on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Finally, Piper Sandler increased their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

Blue Owl Capital Trading Down 0.5 %

NYSE OWL traded down $0.12 on Friday, hitting $22.59. 3,715,051 shares of the company’s stock traded hands, compared to its average volume of 5,412,084. The firm has a market capitalization of $33.06 billion, a PE ratio of 132.88, a P/E/G ratio of 1.50 and a beta of 1.14. Blue Owl Capital has a 1-year low of $13.01 and a 1-year high of $24.17. The firm’s 50-day moving average price is $20.88 and its two-hundred day moving average price is $18.95.

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

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.19%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently modified their holdings of the business. Kovitz Investment Group Partners LLC grew its stake in Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after acquiring an additional 443 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of Blue Owl Capital by 0.6% in the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock valued at $1,547,000 after purchasing an additional 485 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Blue Owl Capital by 1.1% in the third quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after purchasing an additional 565 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Blue Owl Capital by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock worth $1,851,000 after buying an additional 575 shares in the last quarter. Finally, MAI Capital Management boosted its stake in Blue Owl Capital by 0.3% during the third quarter. MAI Capital Management now owns 189,251 shares of the company’s stock worth $3,664,000 after buying an additional 607 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.