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

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings 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 target among brokers that have updated their coverage on the stock in the last year is $22.31.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group upped their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer upped their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JMP Securities upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research report on Friday, November 15th. Finally, Piper Sandler upped their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, November 1st.

Blue Owl Capital Trading Up 0.9 %

NYSE OWL opened at $24.55 on Monday. Blue Owl Capital has a 1-year low of $13.01 and a 1-year high of $24.70. The stock has a 50-day moving average of $21.55 and a 200-day moving average of $19.15. The firm has a market cap of $36.67 billion, a PE ratio of 144.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The company had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, equities research analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Stone Point Capital LLC purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth approximately $112,749,000. Foster Victor Wealth Advisors LLC grew its stake in shares of Blue Owl Capital by 12.3% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company’s stock worth $12,954,000 after buying an additional 77,253 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Blue Owl Capital by 32.6% in the 1st quarter. Janus Henderson Group PLC now owns 330,095 shares of the company’s stock worth $6,224,000 after buying an additional 81,222 shares during the last quarter. Comerica Bank grew its stake in shares of Blue Owl Capital by 10.1% in the 1st quarter. Comerica Bank now owns 824,067 shares of the company’s stock worth $15,542,000 after buying an additional 75,802 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Blue Owl Capital by 41.8% in the 3rd quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after buying an additional 90,998 shares during the last quarter. Institutional investors 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.