Blue Owl Capital (NYSE:OWL) Price Target Raised to $26.00

Blue Owl Capital (NYSE:OWL - Free Report) had its target price lifted by Evercore ISI from $25.00 to $26.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently issued reports on the stock. Oppenheimer lifted their target price 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. Keefe, Bruyette & Woods lifted 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 note on Friday, December 20th. UBS Group lifted their target price 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. JMP Securities reiterated a "market outperform" rating and issued a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their target price for the company from $26.00 to $28.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.10.

Blue Owl Capital Price Performance

OWL traded up $0.88 on Friday, reaching $24.28. 7,706,565 shares of the company traded hands, compared to its average volume of 4,384,708. The stock's 50 day moving average price is $23.52 and its 200-day moving average price is $20.66. Blue Owl Capital has a 52-week low of $14.85 and a 52-week high of $25.03. The company has a market cap of $36.26 billion, a price-to-earnings ratio of 142.81, a PEG ratio of 1.29 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts' consensus estimates of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The firm had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, equities research analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Monday, November 11th. Blue Owl Capital's dividend payout ratio (DPR) is currently 423.55%.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new stake in Blue Owl Capital in the 3rd quarter valued at $32,000. Versant Capital Management Inc increased its holdings in Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after buying an additional 1,110 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Blue Owl Capital in the 3rd quarter valued at $138,000. Signaturefd LLC increased 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 buying an additional 1,476 shares during the period. Finally, Chiron Investment Management LLC bought a new stake in Blue Owl Capital in the 3rd quarter valued at $196,000. Institutional investors own 35.85% of the company's stock.

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.