Blue Owl Capital (NYSE:OWL) Price Target Raised to $27.00

Blue Owl Capital (NYSE:OWL) had its price target raised by Piper Sandler from $25.00 to $27.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Wells Fargo & Company increased their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.73.

Blue Owl Capital Price Performance

NYSE OWL opened at $24.07 on Monday. Blue Owl Capital has a fifty-two week low of $14.37 and a fifty-two week high of $25.03. The stock has a market capitalization of $35.95 billion, a PE ratio of 141.60, a PEG ratio of 1.66 and a beta of 1.14. The business has a fifty day moving average price of $23.36 and a two-hundred day moving average price of $20.00.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, sell-side analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company 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. This represents a $0.72 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Stone Point Capital LLC bought a new position in Blue Owl Capital during the second quarter worth $112,749,000. Westfield Capital Management Co. LP grew its holdings in Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after acquiring an additional 293,221 shares during the period. Barclays PLC raised its position in shares of Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock worth $30,430,000 after acquiring an additional 189,082 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Blue Owl Capital by 41.8% in the 3rd quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock valued at $5,972,000 after purchasing an additional 90,998 shares during the period. Finally, FMR LLC boosted its position in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.