Blue Owl Capital (NYSE:OWL) Price Target Raised to $25.00

Blue Owl Capital (NYSE:OWL) had its target price raised by Piper Sandler from $23.00 to $25.00 in a report published on Friday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on the company. Evercore ISI lifted their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. JMP Securities lifted their price objective on Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. UBS Group boosted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Oppenheimer boosted their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.15.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $20.97 on Friday. Blue Owl Capital has a 1-year low of $12.83 and a 1-year high of $24.17. The business has a fifty day moving average price of $19.88 and a 200-day moving average price of $18.70. The company has a market capitalization of $30.69 billion, a PE ratio of 123.36, a PEG ratio of 1.45 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 20.61% and a net margin of 4.95%. The company had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same period last year, the company earned $0.16 EPS. On average, sell-side analysts anticipate that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.43%. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Affinity Wealth Management LLC lifted its holdings in Blue Owl Capital by 5.3% in the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock worth $258,000 after purchasing an additional 675 shares in the last quarter. SpiderRock Advisors LLC lifted its holdings in Blue Owl Capital by 2.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock worth $593,000 after purchasing an additional 701 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in Blue Owl Capital by 6.7% in the 2nd quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock worth $199,000 after purchasing an additional 708 shares in the last quarter. Capital Insight Partners LLC lifted its holdings in Blue Owl Capital by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after purchasing an additional 815 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Blue Owl Capital by 2.3% during the 3rd quarter. Private Advisor Group LLC now owns 38,986 shares of the company’s stock worth $755,000 after acquiring an additional 885 shares in the last quarter. 35.85% of the stock is 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.