Blue Owl Capital (NYSE:OWL) Sets New 52-Week High – What’s Next?

Blue Owl Capital Inc. (NYSE:OWL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.24 and last traded at $24.23, with a volume of 2011173 shares changing hands. The stock had previously closed at $23.47.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Oppenheimer increased their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Evercore ISI upped their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. UBS Group boosted their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Stock Performance

The firm has a 50 day moving average price of $21.27 and a two-hundred day moving average price of $19.06. The firm has a market capitalization of $36.34 billion, a P/E ratio of 138.07, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share 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 quarter last year, the business posted $0.16 EPS. Equities research analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is 423.55%.

Institutional Trading of Blue Owl Capital

A number of hedge funds have recently modified their holdings of the business. Capital World Investors raised its position in Blue Owl Capital by 0.3% during the first quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock valued at $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. grew its position in Blue Owl Capital by 0.6% during the first quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock valued at $768,199,000 after purchasing an additional 250,977 shares in the last quarter. FMR LLC boosted its stake in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after buying an additional 8,138,475 shares during the period. Capital International Investors raised its holdings in shares of Blue Owl Capital by 0.3% during the first quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after acquiring an additional 107,321 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Blue Owl Capital by 11.9% during the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock worth $198,268,000 after purchasing an additional 1,121,064 shares in 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.