Blue Owl Capital Inc. (NYSE:OWL) Receives $18.84 Average PT from Analysts

Blue Owl Capital Inc. (NYSE:OWL) has received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.48.

A number of analysts have recently commented on the stock. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. JMP Securities reissued a “market outperform” rating and set a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler upped their price objective on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group increased their price objective on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a report on Monday, February 12th.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $18.37 on Friday. The company has a market cap of $26.25 billion, a P/E ratio of 183.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27. The firm has a 50-day simple moving average of $18.16 and a two-hundred day simple moving average of $15.47. Blue Owl Capital has a fifty-two week low of $9.70 and a fifty-two week high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Friday, February 9th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $494.04 million during the quarter, compared to analysts’ expectations of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. During the same quarter in the previous year, the company earned $0.15 earnings per share. Equities research analysts forecast that Blue Owl Capital will post 0.84 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.05%. Blue Owl Capital’s payout ratio is 560.06%.

Insider Transactions at Blue Owl Capital

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 33.39% of the company’s stock.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. M&T Bank Corp increased its holdings in shares of Blue Owl Capital by 7.0% during the 4th quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after buying an additional 753 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Blue Owl Capital by 5.1% during the 4th quarter. AQR Capital Management LLC now owns 16,987 shares of the company’s stock worth $180,000 after purchasing an additional 831 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Blue Owl Capital by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock worth $2,543,000 after purchasing an additional 990 shares during the period. Utah Retirement Systems boosted its position in shares of Blue Owl Capital by 4.7% during the 4th quarter. Utah Retirement Systems now owns 22,300 shares of the company’s stock worth $236,000 after purchasing an additional 1,000 shares during the period. Finally, Salem Investment Counselors Inc. boosted its position in shares of Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after purchasing an additional 1,159 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.