Blue Owl Capital Inc. (NYSE:OWL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Blue Owl Capital Inc. (NYSE:OWL) have earned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $19.81.

OWL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a report on Monday, June 10th. Piper Sandler reduced their price target on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Citigroup restated a “buy” rating and issued a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, May 14th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $19.00 price target on shares of Blue Owl Capital in a research report on Thursday, April 4th. Finally, UBS Group lowered their price objective on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds have recently bought and sold shares of the business. Kinetic Partners Management LP acquired a new stake in shares of Blue Owl Capital in the 1st quarter valued at $69,600,000. Capital International Investors raised its position in Blue Owl Capital by 12.0% during the 4th quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock worth $494,347,000 after purchasing an additional 3,565,657 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $46,030,000. Allspring Global Investments Holdings LLC bought a new stake in Blue Owl Capital during the first quarter valued at $48,517,000. Finally, Ceredex Value Advisors LLC acquired a new stake in Blue Owl Capital during the second quarter worth approximately $32,387,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Trading Up 0.8 %

Shares of NYSE OWL opened at $19.74 on Tuesday. The company has a 50-day moving average of $18.12 and a two-hundred day moving average of $17.79. The company has a market cap of $28.20 billion, a PE ratio of 164.50, a P/E/G ratio of 1.23 and a beta of 1.18. Blue Owl Capital has a 1-year low of $10.64 and a 1-year high of $20.13.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. The firm had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. As a group, equities research analysts forecast that Blue Owl Capital will post 0.81 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were given a $0.18 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.72 annualized dividend and a dividend yield of 3.65%. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

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.