Oppenheimer Raises Blue Owl Capital (NYSE:OWL) Price Target to $24.00

Blue Owl Capital (NYSE:OWL) had its price objective increased by Oppenheimer from $21.00 to $24.00 in a report released on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other analysts also recently weighed in on OWL. Deutsche Bank Aktiengesellschaft decreased their target price on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. TD Cowen reissued a “hold” rating and issued a $19.00 price objective (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Evercore ISI boosted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Piper Sandler upped their target price on shares of Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, JMP Securities raised their price target on shares of 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. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.15.

Blue Owl Capital Stock Up 1.7 %

Shares of OWL stock opened at $23.85 on Wednesday. Blue Owl Capital has a 12 month low of $12.11 and a 12 month high of $24.17. The company has a market cap of $34.08 billion, a PE ratio of 198.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The business’s 50 day moving average is $18.72 and its two-hundred day moving average is $18.40.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The business had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. During the same period last year, the business posted $0.16 EPS. As a group, equities analysts expect that Blue Owl Capital will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s payout ratio is 600.00%.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC bought a new stake in Blue Owl Capital in the first quarter valued at $26,000. ORG Partners LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $32,000. ORG Wealth Partners LLC bought a new stake in shares of Blue Owl Capital in the 3rd quarter worth about $32,000. Family Firm Inc. acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth about $40,000. Finally, Rothschild Investment LLC bought a new position in Blue Owl Capital during the 2nd quarter valued at about $45,000. 35.85% of the stock is owned by institutional investors and hedge funds.

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.