Blue Owl Capital (NYSE:OWL) Price Target Raised to $23.50

Blue Owl Capital (NYSE:OWL) had its target price lifted by Piper Sandler from $22.50 to $23.50 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently commented on OWL. Barclays decreased their target price on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Wells Fargo & Company upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and upped their target price for the company from $20.00 to $23.00 in a report on Tuesday, May 20th. Citigroup decreased their target price on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the company an “outperform” rating in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $19.57 on Wednesday. Blue Owl Capital has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The stock has a 50 day moving average price of $18.88 and a two-hundred day moving average price of $20.64. The company has a market capitalization of $30.10 billion, a P/E ratio of 150.55, a PEG ratio of 1.32 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. As a group, equities analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.60%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital’s dividend payout ratio is presently 692.31%.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OWL. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Blue Owl Capital by 26.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,994,159 shares of the company’s stock worth $39,963,000 after acquiring an additional 420,809 shares during the last quarter. Select Equity Group L.P. purchased a new stake in shares of Blue Owl Capital in the first quarter worth $38,810,000. NewEdge Advisors LLC grew its stake in shares of Blue Owl Capital by 2.3% in the first quarter. NewEdge Advisors LLC now owns 298,378 shares of the company’s stock worth $5,979,000 after acquiring an additional 6,659 shares during the last quarter. HMI Capital Management L.P. purchased a new stake in shares of Blue Owl Capital in the first quarter worth $30,343,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Blue Owl Capital in the first quarter worth $31,000. 35.85% of the stock is owned by hedge funds and other 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.