Evercore ISI Issues Positive Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective upped by Evercore ISI from $25.00 to $26.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

OWL has been the subject of several other reports. Wells Fargo & Company dropped their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group upped their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Oppenheimer increased their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on 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 assigned a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $25.10.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $24.28 on Friday. Blue Owl Capital has a fifty-two week low of $14.85 and a fifty-two week high of $25.03. The company has a 50 day moving average price of $23.52 and a 200 day moving average price of $20.66. The stock has a market capitalization of $36.26 billion, a P/E ratio of 142.81, a PEG ratio of 1.29 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same period last year, the business posted $0.16 earnings per share. Research analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.53%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OWL. ORG Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth about $32,000. Versant Capital Management Inc increased its stake in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Owl Capital during the 3rd quarter worth approximately $138,000. Signaturefd LLC lifted its position in shares of Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after buying an additional 1,476 shares during the last quarter. Finally, Chiron Investment Management LLC acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $196,000. 35.85% of the stock is 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.