Blue Owl Capital (NYSE:OWL) PT Lowered to $21.00

Blue Owl Capital (NYSE:OWL) had its price target trimmed by Piper Sandler from $23.00 to $21.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. reiterated a neutral rating and set a $18.50 target price on shares of Blue Owl Capital in a research note on Thursday, June 13th. UBS Group lowered their price objective on Blue Owl Capital from $22.00 to $21.00 and set a buy rating for the company in a research report on Wednesday. Citigroup reiterated a buy rating and issued a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, May 14th. TD Cowen restated a hold rating and set a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Finally, Keefe, Bruyette & Woods reiterated a market perform rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of Moderate Buy and a consensus target price of $19.81.

Blue Owl Capital Stock Performance

Shares of OWL opened at $17.70 on Wednesday. Blue Owl Capital has a 1 year low of $10.64 and a 1 year high of $19.87. The stock has a market capitalization of $25.29 billion, a PE ratio of 147.50, a PEG ratio of 1.09 and a beta of 1.18. The stock has a 50-day simple moving average of $18.00 and a 200-day simple moving average of $17.49.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. The firm had revenue of $486.55 million for the quarter, compared to analysts’ expectations of $478.47 million. Analysts predict that Blue Owl Capital will post 0.81 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.07%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, May 20th. Blue Owl Capital’s payout ratio is presently 600.00%.

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Diversify Advisory Services LLC increased its stake in Blue Owl Capital by 2.9% in the second quarter. Diversify Advisory Services LLC now owns 374,037 shares of the company’s stock valued at $6,329,000 after purchasing an additional 10,707 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Blue Owl Capital during the second quarter worth about $4,881,000. First Hawaiian Bank acquired a new position in Blue Owl Capital in the 2nd quarter valued at about $184,000. Transcend Capital Advisors LLC increased its position in Blue Owl Capital by 0.5% in the 2nd quarter. Transcend Capital Advisors LLC now owns 1,721,223 shares of the company’s stock valued at $30,552,000 after acquiring an additional 9,052 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in Blue Owl Capital by 1.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 978,499 shares of the company’s stock valued at $18,454,000 after acquiring an additional 10,483 shares during the last quarter. Hedge funds and other 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.