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

Blue Owl Capital (NYSE:OWL) had its target price upped by UBS Group from $20.00 to $27.00 in a research report released on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities research analysts have also commented on OWL. Piper Sandler increased their price target on Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Evercore ISI raised their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Oppenheimer upped their price objective on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.65.

Blue Owl Capital Price Performance

NYSE:OWL opened at $23.38 on Tuesday. Blue Owl Capital has a one year low of $12.11 and a one year high of $24.17. The company has a market cap of $33.41 billion, a PE ratio of 194.83, a PEG ratio of 1.29 and a beta of 1.18. The firm has a 50-day moving average of $19.19 and a 200-day moving average of $18.52.

Blue Owl Capital (NYSE:OWL) last released its quarterly 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. The business had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the previous year, the business earned $0.16 EPS. On average, equities research analysts expect that Blue Owl Capital will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.08%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently bought and sold shares of OWL. Affinity Wealth Management LLC lifted its position in shares of Blue Owl Capital by 5.3% during the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock valued at $258,000 after buying an additional 675 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Blue Owl Capital by 6.7% during the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock valued at $199,000 after purchasing an additional 708 shares during the last quarter. Capital Insight Partners LLC boosted its position in Blue Owl Capital by 2.6% during the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after purchasing an additional 815 shares during the period. Private Advisor Group LLC increased its stake in shares of Blue Owl Capital by 2.3% in the third quarter. Private Advisor Group LLC now owns 38,986 shares of the company’s stock worth $755,000 after purchasing an additional 885 shares in the last quarter. Finally, Great Diamond Partners LLC raised its position in shares of Blue Owl Capital by 2.5% in the second quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock valued at $757,000 after purchasing an additional 1,030 shares during the period. 35.85% of the stock is 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.