Blue Owl Capital (NYSE:OWL) Receives Buy Rating from Citigroup

Citigroup reiterated their buy rating on shares of Blue Owl Capital (NYSE:OWL) in a report published on Thursday, MarketBeat reports. Citigroup currently has a $30.00 price objective on the stock.

A number of other brokerages also recently issued reports on OWL. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Oppenheimer upped their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company dropped their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $25.85.

Blue Owl Capital Stock Up 2.5 %

Shares of Blue Owl Capital stock opened at $26.68 on Thursday. Blue Owl Capital has a 52 week low of $15.18 and a 52 week high of $26.73. The business has a 50 day moving average price of $23.79 and a 200-day moving average price of $20.96. The company has a market cap of $39.85 billion, a PE ratio of 156.97, a price-to-earnings-growth ratio of 1.39 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, meeting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period in the prior year, the firm posted $0.16 EPS. As a group, research analysts anticipate that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 2.70%. Blue Owl Capital’s payout ratio is 423.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. ORG Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital during the third quarter worth $32,000. Versant Capital Management Inc raised its stake in shares of Blue Owl Capital by 136.2% during the 4th 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 period. Blue Trust Inc. lifted its holdings in Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after purchasing an additional 1,310 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Blue Owl Capital during the 4th quarter valued at about $103,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Blue Owl Capital during the third quarter valued at about $138,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Company Profile

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.