Blue Owl Capital (NYSE:OWL) Receives Overweight Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of Blue Owl Capital (NYSE:OWL) in a research note published on Friday morning, Benzinga reports. The firm currently has a $23.00 target price on the stock.

Several other equities analysts also recently issued reports on the company. Keefe, Bruyette & Woods reissued a market perform rating and issued a $19.00 target price on shares of Blue Owl Capital in a research report on Thursday, April 4th. TD Cowen cut their target price on Blue Owl Capital from $23.00 to $21.50 and set a buy rating on the stock in a research report on Friday, May 3rd. JMP Securities reissued a market outperform rating and issued a $24.00 target price on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Citigroup reaffirmed a buy rating and set a $21.00 price target on shares of Blue Owl Capital in a research report on Tuesday, May 14th. Finally, UBS Group raised Blue Owl Capital from a neutral rating to a buy rating and increased their price target for the stock from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $20.27.

Blue Owl Capital Trading Down 0.8 %

Shares of OWL opened at $17.75 on Friday. Blue Owl Capital has a 12 month low of $10.64 and a 12 month high of $19.87. The stock has a fifty day moving average price of $18.22 and a 200-day moving average price of $17.26. The firm has a market cap of $25.36 billion, a PE ratio of 147.92, a P/E/G ratio of 1.09 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) 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 the consensus estimate of $478.47 million. As a group, research analysts forecast that Blue Owl Capital will post 0.82 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.18 per share. The ex-dividend date was Monday, May 20th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.06%. Blue Owl Capital’s dividend payout ratio (DPR) is 600.00%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently modified their holdings of the business. Capital World Investors grew its position in shares of Blue Owl Capital by 0.3% during the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock valued at $1,194,576,000 after acquiring an additional 163,377 shares during the period. Vanguard Group Inc. lifted its stake in Blue Owl Capital by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock valued at $768,199,000 after buying an additional 250,977 shares in the last quarter. Capital International Investors lifted its stake in Blue Owl Capital by 0.3% in the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock valued at $627,754,000 after buying an additional 107,321 shares in the last quarter. Capital Research Global Investors lifted its stake in Blue Owl Capital by 11.9% in the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock valued at $198,268,000 after buying an additional 1,121,064 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in Blue Owl Capital by 6.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 4,529,065 shares of the company’s stock valued at $85,418,000 after buying an additional 277,526 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.