Barclays Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL - Free Report) had its price target decreased by Barclays from $29.00 to $20.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts have also weighed in on OWL. Evercore ISI raised their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods boosted their target price on 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. The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Citigroup restated a "buy" rating and set a $30.00 price objective on shares of Blue Owl Capital in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.10.

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Blue Owl Capital Stock Performance

Shares of NYSE OWL traded down $0.24 during midday trading on Monday, reaching $16.96. The stock had a trading volume of 15,575,195 shares, compared to its average volume of 6,447,007. Blue Owl Capital has a 12-month low of $14.55 and a 12-month high of $26.73. The stock has a 50-day moving average of $20.62 and a 200-day moving average of $22.28. The company has a market capitalization of $26.07 billion, a price-to-earnings ratio of 99.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.21 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%. As a group, analysts forecast that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.25%. Blue Owl Capital's dividend payout ratio is currently 423.53%.

Institutional Trading of Blue Owl Capital

A number of hedge funds have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC increased its position in Blue Owl Capital by 8.3% during the 1st quarter. Princeton Global Asset Management LLC now owns 82,553 shares of the company's stock valued at $1,654,000 after purchasing an additional 6,328 shares during the period. Barton Investment Management boosted its stake in shares of Blue Owl Capital by 4.2% during the first quarter. Barton Investment Management now owns 1,906,794 shares of the company's stock valued at $38,212,000 after purchasing an additional 76,575 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its holdings in Blue Owl Capital by 7.2% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 177,260 shares of the company's stock valued at $3,552,000 after buying an additional 11,877 shares during the period. Kaizen Financial Strategies purchased a new position in Blue Owl Capital during the first quarter valued at approximately $249,000. Finally, Rhumbline Advisers raised its stake in Blue Owl Capital by 0.9% in the first quarter. Rhumbline Advisers now owns 604,635 shares of the company's stock worth $12,117,000 after buying an additional 5,298 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

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.