Barclays Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective cut by Barclays from $29.00 to $20.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also issued reports on the company. Evercore ISI boosted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price target for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods upped 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 report on Friday, December 20th. Finally, The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.63.

Blue Owl Capital Stock Up 2.7 %

Shares of NYSE:OWL opened at $16.32 on Monday. The company has a 50-day moving average price of $21.64 and a two-hundred day moving average price of $22.41. Blue Owl Capital has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a market capitalization of $25.10 billion, a PE ratio of 96.03, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released 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%. Analysts anticipate that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

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

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its position in shares of Blue Owl Capital by 316.1% during the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock valued at $790,000 after purchasing an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares in the last quarter. Arizona State Retirement System grew its position in 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 acquiring an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 106,485 shares during the last quarter. 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.