Blue Owl Capital Inc. (NYSE:OWL) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Blue Owl Capital Inc. has received a consensus rating of "Moderate Buy" from sixteen ratings firms, with an average one-year price target of $22.38 per share.
• Recent price objectives from analysts have been generally lowered, with Barclays reducing its target from $23.00 to $21.00, while Goldman Sachs lowered it from $21.50 to $19.00.
• The company recently announced a quarterly dividend of $0.225 per share, which represents an annualized rate of $0.90 and a yield of 5.3%, despite a high dividend payout ratio of 1,000%.

Shares of Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.3846.

A number of analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating for the company in a research note on Wednesday, October 8th. The Goldman Sachs Group reduced their price objective on shares of Blue Owl Capital from $21.50 to $19.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Piper Sandler reduced their price objective on shares of Blue Owl Capital from $23.50 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, October 9th. Evercore ISI increased their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, Cowen reissued a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently modified their holdings of OWL. Norges Bank bought a new position in shares of Blue Owl Capital during the second quarter worth $183,294,000. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 13.5% during the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock worth $1,210,674,000 after acquiring an additional 7,206,495 shares during the last quarter. HMI Capital Management L.P. boosted its position in shares of Blue Owl Capital by 276.8% during the second quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company's stock worth $109,583,000 after acquiring an additional 4,190,380 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Blue Owl Capital by 587.0% during the second quarter. Qube Research & Technologies Ltd now owns 3,033,874 shares of the company's stock worth $58,281,000 after acquiring an additional 2,592,231 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Blue Owl Capital by 121.5% during the second quarter. Marshall Wace LLP now owns 4,178,531 shares of the company's stock worth $80,270,000 after acquiring an additional 2,291,994 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Up 2.1%

Shares of OWL stock opened at $17.11 on Thursday. Blue Owl Capital has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a market cap of $26.50 billion, a P/E ratio of 190.08, a P/E/G ratio of 1.20 and a beta of 1.13. The company has a 50 day simple moving average of $18.08 and a two-hundred day simple moving average of $18.55.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The business had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. As a group, equities analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.225 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.3%. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

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.

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