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

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.10.

OWL has been the subject of a number of research reports. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $24.75 in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Wells Fargo & Company boosted 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Piper Sandler boosted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $22.39 on Tuesday. Blue Owl Capital has a one year low of $14.42 and a one year high of $25.03. The business’s fifty day moving average is $23.46 and its 200 day moving average is $20.54. The stock has a market capitalization of $33.44 billion, a PE ratio of 131.71, a price-to-earnings-growth ratio of 1.66 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 (EPS) 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 firm had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same quarter last year, the firm posted $0.16 EPS. As a group, sell-side analysts expect that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Hedge Funds Weigh In On Blue Owl Capital

Large investors have recently made changes to their positions in the business. FMR LLC grew its position in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after buying an additional 1,372,865 shares in the last quarter. State Street Corp raised its position in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after buying an additional 449,066 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after buying an additional 1,016,505 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of Blue Owl Capital by 4.6% during the third 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 last quarter. 35.85% of the stock is currently owned by hedge funds and other 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.