Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Target Price at $22.98

Shares of Blue Owl Capital Inc. (NYSE:OWL) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $23.56.

Several research firms have recently weighed in on OWL. Wells Fargo & Company raised their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Oppenheimer increased 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. Piper Sandler boosted their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. UBS Group raised their target price 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. Finally, Evercore ISI boosted their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently bought and sold shares of OWL. Kovitz Investment Group Partners LLC increased its position in Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after acquiring an additional 443 shares during the period. King Luther Capital Management Corp grew its position in Blue Owl Capital by 0.6% in the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after purchasing an additional 485 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Blue Owl Capital by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after purchasing an additional 565 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Blue Owl Capital by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after buying an additional 575 shares during the last quarter. Finally, MAI Capital Management lifted its stake in shares of Blue Owl Capital by 0.3% in the third quarter. MAI Capital Management now owns 189,251 shares of the company’s stock valued at $3,664,000 after buying an additional 607 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Up 1.7 %

Shares of NYSE:OWL opened at $23.49 on Friday. The company has a 50 day moving average of $23.24 and a 200-day moving average of $19.85. The firm has a market cap of $35.08 billion, a P/E ratio of 138.18, a P/E/G ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a twelve month low of $14.37 and a twelve month 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 for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities research analysts forecast that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.07%. Blue Owl Capital’s payout ratio is currently 423.53%.

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.