Analysts Set Blue Owl Capital Inc. (NYSE:OWL) PT at $14.04

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.0357.

A number of equities research analysts have recently issued reports on OWL shares. JPMorgan Chase & Co. cut their price objective on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. UBS Group upped their price target on shares of Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Friday, May 1st. Barclays raised their price objective on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. Finally, Oppenheimer dropped their target price on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, April 13th.

Blue Owl Capital Trading Up 5.2%

Shares of NYSE OWL opened at $10.20 on Friday. The stock’s 50-day moving average is $9.51 and its 200 day moving average is $12.06. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 84.96, a P/E/G ratio of 1.02 and a beta of 1.20. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $21.08.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The business had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. On average, analysts forecast that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $0.23 dividend. The ex-dividend date was Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 9.0%. Blue Owl Capital’s dividend payout ratio is presently 766.67%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Arax Advisory Partners purchased a new stake in Blue Owl Capital during the 4th quarter valued at $25,000. Roxbury Financial LLC increased its position in shares of Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after acquiring an additional 1,400 shares during the period. Toronto Dominion Bank bought a new position in shares of Blue Owl Capital during the fourth quarter valued at about $26,000. Lavaca Capital LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth about $28,000. Finally, Essential Partners LLC grew its stake in shares of Blue Owl Capital by 739.7% in the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.