Blue Owl Capital (NYSE:OWL) Rating Reiterated by Piper Sandler

Blue Owl Capital (NYSE:OWL)‘s stock had its “overweight” rating reaffirmed by equities researchers at Piper Sandler in a report released on Friday, Benzinga reports. They presently have a $23.00 price target on the stock. Piper Sandler’s price objective points to a potential upside of 29.58% from the company’s previous close.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. Citigroup reaffirmed a “buy” rating and issued a $21.00 price target on shares of Blue Owl Capital in a research note on Tuesday, May 14th. UBS Group raised Blue Owl Capital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Finally, JMP Securities reissued a “market outperform” rating and set a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.27.

Blue Owl Capital Price Performance

OWL stock opened at $17.75 on Friday. The company has a fifty day moving average price of $18.22 and a two-hundred day moving average price of $17.29. Blue Owl Capital has a one year low of $10.64 and a one year high of $19.87. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 147.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $486.55 million during the quarter, compared to analysts’ expectations of $478.47 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. Research analysts anticipate that Blue Owl Capital will post 0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors have recently modified their holdings of the company. M&T Bank Corp raised its position in shares of Blue Owl Capital by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after purchasing an additional 753 shares during the period. Parsons Capital Management Inc. RI raised its position in Blue Owl Capital by 5.5% in the 1st quarter. Parsons Capital Management Inc. RI now owns 15,932 shares of the company’s stock valued at $300,000 after buying an additional 832 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Blue Owl Capital by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock valued at $2,543,000 after acquiring an additional 990 shares in the last quarter. Whalen Wealth Management Inc. lifted its stake in Blue Owl Capital by 4.0% during the 1st quarter. Whalen Wealth Management Inc. now owns 28,744 shares of the company’s stock valued at $542,000 after acquiring an additional 1,098 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after acquiring an additional 1,159 shares in the last quarter. 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.