Brokerages Set Blue Owl Capital Inc. (NYSE:OWL) Price Target at $22.98

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $23.56.

Several analysts recently issued reports on OWL shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, November 1st. UBS Group boosted their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Evercore ISI increased their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Piper Sandler lifted their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, JMP Securities restated a "market outperform" rating and set a $27.00 price target on shares of Blue Owl Capital in a research note on Wednesday, December 4th.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors have recently modified their holdings of the business. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at approximately $32,000. Family Firm Inc. acquired a new position in shares of Blue Owl Capital during the second quarter worth about $40,000. Rothschild Investment LLC purchased a new position in Blue Owl Capital during the second quarter worth about $45,000. Wilmington Savings Fund Society FSB acquired a new stake in Blue Owl Capital in the third quarter valued at about $138,000. Finally, Signaturefd LLC boosted its holdings in Blue Owl Capital by 19.3% in 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 in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of NYSE OWL traded up $0.39 during midday trading on Friday, reaching $23.49. 8,598,932 shares of the stock were exchanged, compared to its average volume of 5,565,872. The stock has a market capitalization of $35.08 billion, a P/E ratio of 138.18, a PEG ratio of 1.66 and a beta of 1.14. The company has a 50 day simple moving average of $23.24 and a 200 day simple moving average of $19.84. Blue Owl Capital has a twelve month low of $14.37 and a twelve month high of $25.03.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The company had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. During the same quarter last year, the firm earned $0.16 earnings per share. On average, research analysts expect 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. Stockholders of record on Monday, November 11th were issued 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 currently 423.53%.

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.