Brokerages Set Blue Owl Capital Inc. (NYSE:OWL) Target Price at $23.81

Shares of Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.81.

A number of brokerages have recently weighed in on OWL. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Citigroup reduced their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. UBS Group decreased their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays dropped their price objective on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, April 7th.

Blue Owl Capital Trading Down 3.0%

NYSE:OWL traded down $0.58 during mid-day trading on Friday, hitting $18.65. 5,576,868 shares of the company's stock traded hands, compared to its average volume of 6,852,443. The firm has a 50 day moving average of $18.33 and a two-hundred day moving average of $21.17. The firm has a market capitalization of $28.67 billion, a price-to-earnings ratio of 109.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. Blue Owl Capital has a 12 month low of $14.55 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business 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 4.77% and a return on equity of 20.82%. As a group, equities research analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.83%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is presently 692.31%.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently modified their holdings of OWL. Global Retirement Partners LLC raised its stake in shares of Blue Owl Capital by 1.6% in the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after buying an additional 413 shares during the period. Dynasty Wealth Management LLC boosted its holdings in Blue Owl Capital by 0.5% in the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after buying an additional 417 shares during the period. Allworth Financial LP grew its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after buying an additional 428 shares in the last quarter. Principal Securities Inc. raised its holdings in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after acquiring an additional 450 shares during the period. Finally, Vise Technologies Inc. raised its holdings in Blue Owl Capital by 4.6% during the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock valued at $255,000 after acquiring an additional 478 shares during the period. 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.