Blue Owl Capital (NYSE:OWL) Price Target Lowered to $21.50 at TD Cowen

Blue Owl Capital (NYSE:OWL) had its price target reduced by TD Cowen from $23.00 to $21.50 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on OWL. Deutsche Bank Aktiengesellschaft raised their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock a buy rating in a research report on Thursday, April 18th. The Goldman Sachs Group boosted their price target on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a buy rating in a research note on Monday, February 12th. Evercore ISI increased their price objective on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an outperform rating in a research report on Thursday, April 4th. UBS Group raised Blue Owl Capital from a neutral rating to a buy rating and boosted their target price for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Finally, Piper Sandler raised their price target on Blue Owl Capital from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of Moderate Buy and an average price target of $19.89.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded up $0.44 during midday trading on Friday, hitting $18.39. The company’s stock had a trading volume of 4,327,320 shares, compared to its average volume of 4,422,954. The company has a market cap of $26.28 billion, a P/E ratio of 151.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.24. Blue Owl Capital has a 12-month low of $9.70 and a 12-month high of $19.87. The business’s 50 day simple moving average is $18.33 and its 200 day simple moving average is $15.91.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a return on equity of 18.02% and a net margin of 3.84%. The business had revenue of $494.04 million for the quarter, compared to analyst estimates of $438.77 million. During the same quarter in the previous year, the firm earned $0.15 EPS. On average, sell-side analysts predict that Blue Owl Capital will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st will be given a $0.18 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.72 dividend on an annualized basis and a yield of 3.92%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio (DPR) is currently 600.00%.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently added to or reduced their stakes in OWL. Benjamin F. Edwards & Company Inc. acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in Blue Owl Capital in the third quarter valued at $27,000. Salem Investment Counselors Inc. increased its holdings in Blue Owl Capital by 58.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after buying an additional 1,159 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in Blue Owl Capital in the third quarter valued at $49,000. Finally, Loomis Sayles & Co. L P lifted its holdings in Blue Owl Capital by 1,570.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock worth $63,000 after buying an additional 4,585 shares during the last quarter. 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.