Blue Owl Capital (NYSE:OWL) Reaches New 12-Month Low After Analyst Downgrade

Blue Owl Capital Inc. (NYSE:OWL) shares reached a new 52-week low on Monday after Barclays lowered their price target on the stock from $29.00 to $20.00. Barclays currently has an overweight rating on the stock. Blue Owl Capital traded as low as $14.55 and last traded at $14.83, with a volume of 1184806 shares. The stock had previously closed at $15.90.

Other research analysts have also issued reports about the company. Oppenheimer lifted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Citigroup reiterated a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Piper Sandler lifted their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.63.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Rothschild Investment LLC raised its position in Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock valued at $790,000 after buying an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock valued at $3,599,000 after purchasing an additional 19,810 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in Blue Owl Capital during the fourth quarter worth about $1,773,000. Finally, Charles Schwab Investment Management Inc. grew its position in Blue Owl Capital by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock worth $80,179,000 after purchasing an additional 106,485 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

The stock has a market cap of $25.10 billion, a PE ratio of 96.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company’s 50 day simple moving average is $21.64 and its 200 day simple moving average is $22.41.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

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.