Analysts Set Blue Owl Capital Inc. (NYSE:OWL) PT at $21.65

Shares of Blue Owl Capital Inc. (NYSE:OWL) have earned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $22.15.

Several brokerages recently weighed in on OWL. Wells Fargo & Company increased their target price on 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. JMP Securities increased their target price on Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. UBS Group increased their target price on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer increased their target price on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler increased their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in Blue Owl Capital in the first quarter valued at approximately $26,000. ORG Partners LLC acquired a new position in Blue Owl Capital in the second quarter valued at approximately $32,000. ORG Wealth Partners LLC acquired a new position in Blue Owl Capital in the third quarter valued at approximately $32,000. Family Firm Inc. acquired a new position in Blue Owl Capital in the second quarter valued at approximately $40,000. Finally, Rothschild Investment LLC acquired a new position in Blue Owl Capital in the second quarter valued at approximately $45,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 4.1 %

Shares of Blue Owl Capital stock opened at $21.45 on Thursday. Blue Owl Capital has a fifty-two week low of $12.24 and a fifty-two week high of $24.17. The firm has a market cap of $31.39 billion, a PE ratio of 134.07, a P/E/G ratio of 1.49 and a beta of 1.18. The business’s fifty day moving average is $19.81 and its two-hundred day moving average is $18.68.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The company had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. During the same quarter in the prior year, the company posted $0.16 EPS. Equities research analysts anticipate that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. Blue Owl Capital’s dividend payout ratio (DPR) is 450.03%.

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.