Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Price Target at $26.48

Blue Owl Capital Inc. (NYSE:OWL) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $26.48.

Several brokerages recently issued reports on OWL. Oppenheimer raised their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Citigroup reaffirmed a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Evercore ISI lifted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, Barclays started coverage on Blue Owl Capital in a research report on Monday, February 24th. They issued an “overweight” rating and a $29.00 price objective for the company.

Blue Owl Capital Stock Up 0.6 %

Shares of NYSE:OWL opened at $19.49 on Wednesday. The firm has a market cap of $29.96 billion, a P/E ratio of 114.62, a P/E/G ratio of 1.23 and a beta of 1.19. Blue Owl Capital has a 12-month low of $15.18 and a 12-month high of $26.73. The business has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $22.07.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, equities research analysts expect that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.70%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Institutional Trading of Blue Owl Capital

Several large investors have recently made changes to their positions in OWL. FMR LLC grew its stake in shares of Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after buying an additional 9,917,071 shares during the period. Capital World Investors grew its stake in shares of Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after buying an additional 9,794,102 shares during the period. Cresset Asset Management LLC grew its stake in shares of Blue Owl Capital by 4,278.0% in the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock valued at $140,794,000 after buying an additional 5,914,804 shares during the period. Norges Bank acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $137,118,000. Finally, Vanguard Group Inc. grew its stake in shares of Blue Owl Capital by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after buying an additional 5,558,868 shares during the period. 35.85% of the stock is currently 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.