Blue Owl Capital (NYSE:OWL) Reaches New 12-Month High – Here’s Why

Blue Owl Capital Inc. (NYSE:OWL) hit a new 52-week high during trading on Thursday . The company traded as high as $24.24 and last traded at $24.23, with a volume of 2011173 shares trading hands. The stock had previously closed at $23.47.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OWL. JMP Securities raised their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a research report on Friday, November 15th. Evercore ISI increased their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler upped their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, UBS Group upped their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.31.

Blue Owl Capital Trading Up 3.7 %

The business’s fifty day simple moving average is $21.27 and its 200 day simple moving average is $19.06. The stock has a market cap of $36.34 billion, a price-to-earnings ratio of 138.07, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a $0.18 dividend. The ex-dividend date is Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 2.96%. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in shares of Blue Owl Capital in the first quarter valued at $26,000. ORG Wealth Partners LLC acquired a new position in shares of Blue Owl Capital in the third quarter valued at approximately $32,000. ORG Partners LLC bought a new position in shares of Blue Owl Capital during the second quarter worth approximately $32,000. Family Firm Inc. bought a new stake in Blue Owl Capital in the 2nd quarter valued at $40,000. Finally, Rothschild Investment LLC acquired a new position in Blue Owl Capital in the 2nd quarter valued at $45,000. 35.85% of the stock is currently owned by institutional investors.

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.