Blue Owl Capital (NYSE:OWL) Hits New 52-Week High After Analyst Upgrade

Blue Owl Capital Inc. (NYSE:OWL)’s share price reached a new 52-week high during mid-day trading on Wednesday after Oppenheimer raised their price target on the stock from $21.00 to $24.00. Oppenheimer currently has an outperform rating on the stock. Blue Owl Capital traded as high as $22.10 and last traded at $22.05, with a volume of 56098 shares changing hands. The stock had previously closed at $21.77.

Several other analysts have also commented on OWL. Deutsche Bank Aktiengesellschaft cut their target price on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. JMP Securities upped their price objective on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. TD Cowen reissued a “hold” rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI upped 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $21.15.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in Blue Owl Capital during the first quarter valued at approximately $20,620,000. Stone Point Capital LLC acquired a new position in shares of Blue Owl Capital in the second quarter valued at approximately $112,749,000. Goldman Sachs Group Inc. boosted its holdings in shares of Blue Owl Capital by 22.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company’s stock valued at $27,110,000 after buying an additional 328,719 shares during the period. Foster Victor Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 12.3% in the second quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company’s stock valued at $12,954,000 after buying an additional 77,253 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Blue Owl Capital by 32.6% in the first quarter. Janus Henderson Group PLC now owns 330,095 shares of the company’s stock valued at $6,224,000 after buying an additional 81,222 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 2.7 %

The company has a market cap of $31.93 billion, a price-to-earnings ratio of 186.25, a PEG ratio of 1.29 and a beta of 1.18. The company’s fifty day moving average price is $18.46 and its two-hundred day moving average price is $18.33.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The business had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 annualized dividend and a dividend yield of 3.22%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

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.