Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Price Target at $26.33

Shares of Blue Owl Capital Inc. (NYSE:OWL) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.33.

Several analysts have recently commented on the stock. Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods lifted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Citigroup reaffirmed a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $28.00 in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Blue Owl Capital in the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock valued at $27,000 after purchasing an additional 1,050 shares during the last quarter. Allworth Financial LP lifted its position in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Principal Securities Inc. grew its position in Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL stock opened at $20.43 on Friday. The business has a fifty day moving average price of $22.29 and a 200 day moving average price of $22.43. Blue Owl Capital has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The stock has a market capitalization of $31.41 billion, a price-to-earnings ratio of 120.16, a P/E/G ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

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.