Blue Owl Capital (NYSE:OWL) Price Target Raised to $26.00

Blue Owl Capital (NYSE:OWL) had its target price upped by Evercore ISI from $25.00 to $26.00 in a report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Company decreased their price objective 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 price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group boosted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $28.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.10.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $24.28 on Friday. The stock has a 50-day simple moving average of $23.52 and a two-hundred day simple moving average of $20.70. The firm has a market capitalization of $36.26 billion, a PE ratio of 142.81, a P/E/G ratio of 1.29 and a beta of 1.14. Blue Owl Capital has a 52-week low of $14.85 and a 52-week high of $25.03.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) 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 the consensus estimate of $565.93 million. During the same period in the previous year, the company posted $0.16 EPS. Equities analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is 423.55%.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors have recently bought and sold shares of OWL. FMR LLC grew its stake in Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares during the last quarter. State Street Corp raised its stake in shares of Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after acquiring an additional 449,066 shares in the last quarter. Geode Capital Management LLC lifted its position 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 during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in Blue Owl Capital by 4.6% in 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. 35.85% of the stock is owned by hedge funds and other institutional investors.

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.