Blue Owl Capital (NYSE:OWL) Price Target Raised to $27.00

Blue Owl Capital (NYSE:OWL - Free Report) had its price target raised by JMP Securities from $25.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a market outperform rating on the stock.

OWL has been the topic of a number of other research reports. Piper Sandler increased their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Evercore ISI raised their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, UBS Group lifted their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average target price of $22.31.

Blue Owl Capital Price Performance

OWL stock traded down $0.12 during midday trading on Friday, hitting $22.59. The stock had a trading volume of 3,714,641 shares, compared to its average volume of 5,412,084. The firm has a market cap of $33.06 billion, a price-to-earnings ratio of 132.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The business has a 50-day moving average of $20.75 and a two-hundred day moving average of $18.93. Blue Owl Capital has a 52-week low of $13.01 and a 52-week high of $24.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The firm had revenue of $600.88 million for the quarter, compared to analysts' expectations of $565.93 million. During the same period in the prior year, the firm posted $0.16 earnings per share. Research analysts predict that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital's dividend payout ratio (DPR) is 423.53%.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds have recently bought and sold shares of OWL. Kovitz Investment Group Partners LLC increased its holdings in shares of Blue Owl Capital by 1.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after purchasing an additional 443 shares during the last quarter. King Luther Capital Management Corp increased its stake in Blue Owl Capital by 0.6% during the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company's stock worth $1,547,000 after acquiring an additional 485 shares during the last quarter. Apollon Wealth Management LLC increased its stake in Blue Owl Capital by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company's stock worth $1,009,000 after acquiring an additional 565 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Blue Owl Capital by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company's stock worth $1,851,000 after acquiring an additional 575 shares during the last quarter. Finally, MAI Capital Management increased its stake in Blue Owl Capital by 0.3% during the third quarter. MAI Capital Management now owns 189,251 shares of the company's stock worth $3,664,000 after acquiring an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

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.