Piper Sandler Increases Blue Owl Capital (NYSE:OWL) Price Target to $25.00

Blue Owl Capital (NYSE:OWL) had its target price increased by Piper Sandler from $23.00 to $25.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Evercore ISI lifted their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. TD Cowen reissued a “hold” rating and set a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Oppenheimer boosted 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. Finally, JMP Securities boosted their target price on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.15.

Blue Owl Capital Trading Down 4.1 %

Shares of NYSE:OWL traded down $0.91 during mid-day trading on Friday, reaching $21.45. The company had a trading volume of 9,159,480 shares, compared to its average volume of 5,336,298. The firm has a market cap of $31.39 billion, a price-to-earnings ratio of 134.07, a PEG ratio of 1.49 and a beta of 1.18. The company’s 50-day moving average price is $19.81 and its 200-day moving average price is $18.68. Blue Owl Capital has a one year low of $12.24 and a one year high of $24.17.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, research analysts anticipate that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be issued a $0.18 dividend. The ex-dividend date is Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.36%. Blue Owl Capital’s payout ratio is currently 450.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new stake in Blue Owl Capital during the first quarter valued at about $26,000. ORG Partners LLC bought a new position in shares of Blue Owl Capital during the second quarter valued at about $32,000. ORG Wealth Partners LLC bought a new position in shares of Blue Owl Capital during the third quarter valued at about $32,000. Family Firm Inc. bought a new position in shares of Blue Owl Capital during the second quarter valued at about $40,000. Finally, Rothschild Investment LLC bought a new position in shares of Blue Owl Capital during the second quarter valued at about $45,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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.