Blue Owl Capital Inc. (NYSE:OWL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $19.81.

Several equities research analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research report on Thursday, April 4th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $18.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $21.00 price objective on shares of Blue Owl Capital in a research note on Monday, June 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research report on Tuesday, May 14th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in Blue Owl Capital during the fourth quarter worth about $26,000. Transcendent Capital Group LLC bought a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $26,000. ORG Partners LLC acquired a new position in shares of Blue Owl Capital in the second quarter valued at $32,000. Family Firm Inc. bought a new position in Blue Owl Capital in the second quarter worth $40,000. Finally, Salem Investment Counselors Inc. lifted its position in Blue Owl Capital by 58.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after purchasing an additional 1,159 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 2.0 %

Shares of NYSE OWL opened at $19.34 on Tuesday. Blue Owl Capital has a one year low of $10.64 and a one year high of $20.13. The business has a 50-day moving average price of $18.13 and a two-hundred day moving average price of $17.84. The firm has a market capitalization of $27.63 billion, a PE ratio of 161.17, a PEG ratio of 1.24 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. The business had revenue of $486.55 million during the quarter, compared to analyst estimates of $478.47 million. Research analysts anticipate that Blue Owl Capital will post 0.81 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were issued a $0.18 dividend. The ex-dividend date was Monday, May 20th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 3.72%. Blue Owl Capital’s dividend payout ratio is 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.