Blue Owl Capital Inc. (NYSE:OWL) Given Average Rating of “Moderate Buy” by Analysts

Blue Owl Capital Inc. (NYSE:OWL) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $19.89.

A number of brokerages have weighed in on OWL. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Piper Sandler upped their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group upped their price target on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 target price on shares of Blue Owl Capital in a research report on Thursday, April 4th. Finally, TD Cowen dropped their target price on Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a report on Friday, May 3rd.

Blue Owl Capital Trading Up 1.6 %

Blue Owl Capital stock opened at $18.41 on Thursday. The company has a market capitalization of $26.30 billion, a P/E ratio of 153.42, a P/E/G ratio of 1.16 and a beta of 1.24. The firm’s fifty day simple moving average is $18.34 and its 200-day simple moving average is $15.99. Blue Owl Capital has a 1-year low of $9.70 and a 1-year high of $19.87.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.02%. The company had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities research analysts predict that Blue Owl Capital will post 0.84 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.72 annualized dividend and a dividend yield of 3.91%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio (DPR) is currently 466.67%.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently modified their holdings of OWL. Vanguard Group Inc. raised its holdings in Blue Owl Capital by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 40,480,663 shares of the company’s stock valued at $603,162,000 after acquiring an additional 281,324 shares during the period. Capital International Investors raised its holdings in Blue Owl Capital by 12.0% during the 4th quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock valued at $494,347,000 after acquiring an additional 3,565,657 shares during the period. Westfield Capital Management Co. LP bought a new stake in Blue Owl Capital during the 3rd quarter valued at $59,997,000. Charles Schwab Investment Management Inc. raised its holdings in Blue Owl Capital by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock valued at $53,948,000 after acquiring an additional 100,188 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $46,030,000. 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.