Brokerages Set Blue Owl Capital Inc. (NYSE:OWL) Target Price at $22.98

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $23.73.

Several research analysts have weighed in on OWL shares. Keefe, Bruyette & Woods raised their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft lifted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Piper Sandler increased their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Evercore ISI boosted their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of Blue Owl Capital in the third quarter worth about $32,000. Family Firm Inc. bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $40,000. Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $45,000. Wilmington Savings Fund Society FSB bought a new position in Blue Owl Capital during the third quarter worth $138,000. Finally, Signaturefd LLC raised its stake in Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after purchasing an additional 1,476 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.8 %

NYSE:OWL opened at $24.07 on Friday. Blue Owl Capital has a twelve month low of $14.37 and a twelve month high of $25.03. The firm has a market capitalization of $35.95 billion, a price-to-earnings ratio of 141.60, a PEG ratio of 1.66 and a beta of 1.14. The firm’s fifty day simple moving average is $23.28 and its 200 day simple moving average is $19.92.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the prior year, the business earned $0.16 EPS. On average, analysts predict that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is presently 423.53%.

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.