Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Price Target at $24.10

Blue Owl Capital Inc. (NYSE:OWL) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.77.

Several brokerages have issued reports on OWL. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $24.75 in a report on Monday, January 6th.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $23.46 on Tuesday. Blue Owl Capital has a 1 year low of $14.85 and a 1 year high of $25.03. The firm has a market cap of $35.03 billion, a PE ratio of 137.98, a PEG ratio of 1.29 and a beta of 1.14. The company has a 50 day simple moving average of $23.48 and a two-hundred day simple moving average of $20.59.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same period in the previous year, the business posted $0.16 earnings per share. As a group, research analysts anticipate that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced 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 3.07%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.55%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the third quarter worth $32,000. Versant Capital Management Inc increased its position in Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Blue Owl Capital during the 3rd quarter valued at $138,000. Wedmont Private Capital purchased a new position in Blue Owl Capital during the 4th quarter valued at $204,000. Finally, Signaturefd LLC increased its position 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 period. 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.