Blue Owl Capital Inc. (NYSE:OWL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently 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 twelve-month target price among brokerages that have covered the stock in the last year is $19.81.

OWL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $21.00 price objective on shares of Blue Owl Capital in a report on Monday, June 10th. TD Cowen reaffirmed a “hold” rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $19.00 price target on shares of Blue Owl Capital in a report on Thursday, April 4th. UBS Group lowered their price target on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, April 9th.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds have recently bought and sold shares of the business. Salem Investment Counselors Inc. grew its position in shares of Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after purchasing an additional 1,159 shares in the last quarter. Raymond James & Associates increased its stake in Blue Owl Capital by 28.6% during the 4th quarter. Raymond James & Associates now owns 394,162 shares of the company’s stock worth $5,873,000 after acquiring an additional 87,768 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Blue Owl Capital in the 4th quarter valued at $204,000. Trellis Wealth Advisors LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $191,000. Finally, Foster Victor Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 31.1% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 420,675 shares of the company’s stock worth $6,293,000 after purchasing an additional 99,760 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $19.34 on Tuesday. The company’s 50-day moving average price is $18.13 and its two-hundred day moving average price is $17.84. Blue Owl Capital has a one year low of $10.64 and a one year high of $20.13. The stock has a market capitalization of $27.63 billion, a PE ratio of 161.17, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. On average, analysts anticipate that Blue Owl Capital will post 0.81 earnings per share for the current fiscal 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 given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Monday, May 20th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s payout ratio is presently 600.00%.

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.