Oppenheimer Upgrades Blue Owl Capital (NYSE:OWL) to Outperform

Oppenheimer upgraded shares of Blue Owl Capital (NYSE:OWL) from a market perform rating to an outperform rating in a research report report published on Friday morning, MarketBeat.com reports. Oppenheimer currently has $21.00 price objective on the stock.

OWL has been the topic of several other reports. JPMorgan Chase & Co. reissued a neutral rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a $21.00 price objective on shares of Blue Owl Capital in a research report on Monday, June 10th. Evercore ISI raised their target price on Blue Owl Capital from $18.00 to $22.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods restated a market perform rating and set a $19.00 target price on shares of Blue Owl Capital in a research note on Thursday, April 4th. Finally, JMP Securities restated a market outperform rating and set a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $20.23.

Blue Owl Capital Trading Down 5.4 %

Shares of OWL opened at $16.26 on Friday. The firm has a market capitalization of $23.23 billion, a P/E ratio of 135.42, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18. The stock’s fifty day simple moving average is $18.04 and its 200 day simple moving average is $17.89. Blue Owl Capital has a twelve month low of $10.64 and a twelve month high of $20.13.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 19.12% and a net margin of 4.64%. The company had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. During the same period last year, the company posted $0.16 earnings per share. Sell-side analysts predict that Blue Owl Capital will post 0.81 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st will be paid a $0.18 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a yield of 4.43%. Blue Owl Capital’s payout ratio is currently 600.00%.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. raised its holdings in shares of Blue Owl Capital by 6.7% during the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock valued at $199,000 after buying an additional 708 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Blue Owl Capital by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock valued at $172,000 after buying an additional 753 shares during the last quarter. Capital Insight Partners LLC raised its holdings in shares of Blue Owl Capital by 2.6% during the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock valued at $579,000 after buying an additional 815 shares during the last quarter. Parsons Capital Management Inc. RI raised its holdings in shares of Blue Owl Capital by 5.5% during the first quarter. Parsons Capital Management Inc. RI now owns 15,932 shares of the company’s stock valued at $300,000 after buying an additional 832 shares during the last quarter. Finally, Great Diamond Partners LLC raised its holdings in shares of Blue Owl Capital by 2.5% during the second quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock valued at $757,000 after buying an additional 1,030 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.