Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Price Target at $24.10

Blue Owl Capital Inc. (NYSE:OWL) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.77.

A number of research firms recently weighed in on OWL. Deutsche Bank Aktiengesellschaft raised their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods raised their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. UBS Group raised their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Evercore ISI raised their price objective 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.

Blue Owl Capital Price Performance

OWL opened at $23.46 on Tuesday. The company’s 50-day moving average is $23.48 and its 200 day moving average is $20.59. Blue Owl Capital has a fifty-two week low of $14.85 and a fifty-two week high of $25.03. The firm has a market capitalization of $35.03 billion, a P/E ratio of 137.98, a PEG ratio of 1.29 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its quarterly 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 net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period last year, the firm earned $0.16 earnings per share. On average, equities research analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.07%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds have recently bought and sold shares of the company. FMR LLC grew its stake in Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares in the last quarter. State Street Corp grew its stake in Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after acquiring an additional 449,066 shares in the last quarter. Geode Capital Management LLC grew its stake in Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after acquiring an additional 1,016,505 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

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.