Blue Owl Capital’s (OWL) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Blue Owl Capital (NYSE:OWL) in a research note released on Friday,Benzinga reports. They currently have a $32.00 price target on the stock, up from their previous price target of $30.00.

A number of other equities analysts also recently issued reports on OWL. UBS Group increased their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, Citigroup restated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.27.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $23.56 on Friday. Blue Owl Capital has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The firm has a market cap of $35.19 billion, a P/E ratio of 138.60, a P/E/G ratio of 1.34 and a beta of 1.15. The business’s 50 day moving average price is $24.05 and its 200-day moving average price is $21.44.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, equities analysts predict that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. Blue Owl Capital’s payout ratio is 423.55%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after acquiring an additional 8,138,475 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 1,372,865 shares during the period. State Street Corp grew its holdings in Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after buying an additional 449,066 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 buying an additional 1,016,505 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of 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 worth $130,415,000 after buying 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.