Blue Owl Capital (NYSE:OWL) Reaches New 1-Year Low on Analyst Downgrade

Blue Owl Capital Inc. (NYSE:OWL)’s stock price reached a new 52-week low during mid-day trading on Monday after Wells Fargo & Company lowered their price target on the stock from $22.00 to $19.00. Wells Fargo & Company currently has an equal weight rating on the stock. Blue Owl Capital traded as low as $14.55 and last traded at $14.83, with a volume of 1184806 shares traded. The stock had previously closed at $15.90.

Several other brokerages have also issued reports on OWL. JMP Securities cut their price target on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Barclays reduced their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday. Citigroup dropped their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $24.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in shares of Blue Owl Capital by 0.9% during the 1st quarter. Rhumbline Advisers now owns 604,635 shares of the company’s stock valued at $12,117,000 after purchasing an additional 5,298 shares in the last quarter. Rothschild Investment LLC raised its holdings in Blue Owl Capital by 80.0% during the 1st quarter. Rothschild Investment LLC now owns 61,132 shares of the company’s stock worth $1,225,000 after buying an additional 27,177 shares during the period. Parallel Advisors LLC raised its holdings in Blue Owl Capital by 21.9% during the 1st quarter. Parallel Advisors LLC now owns 6,468 shares of the company’s stock worth $130,000 after buying an additional 1,161 shares during the period. GAMMA Investing LLC lifted its stake in Blue Owl Capital by 2,911.9% in the first quarter. GAMMA Investing LLC now owns 20,240 shares of the company’s stock valued at $406,000 after buying an additional 19,568 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted 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 buying an additional 1,050 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

The company’s 50-day moving average price is $21.25 and its 200-day moving average price is $22.35. The company has a market cap of $24.50 billion, a P/E ratio of 93.72, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting 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 research analysts predict that Blue Owl Capital Inc. 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. Shareholders of record on Wednesday, February 19th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 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.