Blue Owl Capital Inc. (NYSE:OWL) Receives $13.44 Consensus PT from Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $13.4437.

A number of research analysts recently issued reports on OWL shares. JPMorgan Chase & Co. dropped their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Citizens Jmp reduced their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Barclays upped their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $11.62 on Wednesday. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $19.35. The stock has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $10.05. The company has a market cap of $18.11 billion, a P/E ratio of 96.80, a PEG ratio of 1.36 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $693.56 million for the quarter, compared to analysts’ expectations of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. On average, research analysts predict that Blue Owl Capital will post 0.88 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital’s dividend payout ratio is 766.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Blue Owl Capital in the 4th quarter valued at $140,643,000. William Blair Investment Management LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $113,782,000. Boston Partners raised its holdings in Blue Owl Capital by 121.9% during the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after buying an additional 6,677,610 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Blue Owl Capital during the second quarter worth $54,883,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after buying an additional 5,790,400 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.