Citigroup Reaffirms “Buy” Rating for Blue Owl Capital (NYSE:OWL)

Blue Owl Capital (NYSE:OWL)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup in a report released on Thursday, Marketbeat Ratings reports. They currently have a $30.00 price objective on the stock. Citigroup’s price objective would suggest a potential upside of 12.43% from the company’s previous close.

A number of other analysts have also issued reports on OWL. Oppenheimer raised their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.85.

Blue Owl Capital Trading Up 2.5 %

Shares of Blue Owl Capital stock opened at $26.68 on Thursday. Blue Owl Capital has a 12-month low of $15.18 and a 12-month high of $26.73. The stock has a market cap of $39.85 billion, a PE ratio of 156.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company has a 50-day moving average of $23.79 and a two-hundred day moving average of $20.93.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The business had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. During the same period last year, the company posted $0.16 EPS. On average, sell-side analysts forecast that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently made changes to their positions in OWL. ORG Wealth Partners LLC acquired a new position in shares of Blue Owl Capital during the 3rd quarter valued at $32,000. Versant Capital Management Inc lifted its holdings in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after acquiring an additional 1,110 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock valued at $47,000 after acquiring an additional 1,310 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $103,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Blue Owl Capital during the 3rd quarter valued at $138,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.