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

Key Points

• Blue Owl Capital Inc. has received a consensus recommendation of "Moderate Buy" from fourteen research firms, with an average 12-month price objective of $24.02.
• The company reported earnings of $0.21 per share for the latest quarter, meeting analysts' expectations, and a revenue of $703.11 million, exceeding estimates of $642.13 million.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, with an annualized dividend yield of 4.8%, despite a high payout ratio of 1,000%.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.0208.

Several brokerages have recently weighed in on OWL. Evercore ISI upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Barclays upped their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Piper Sandler raised their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Oppenheimer increased their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Finally, Raymond James Financial initiated coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating for the company.

Institutional Trading of Blue Owl Capital

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in shares of Blue Owl Capital by 6.8% during the fourth quarter. Cetera Investment Advisers now owns 44,260 shares of the company's stock worth $1,029,000 after acquiring an additional 2,811 shares in the last quarter. State of Wyoming grew its position in shares of Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after purchasing an additional 503 shares during the last quarter. Tidal Investments LLC grew its position in shares of Blue Owl Capital by 6.3% in the fourth quarter. Tidal Investments LLC now owns 45,443 shares of the company's stock valued at $1,057,000 after purchasing an additional 2,711 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Blue Owl Capital by 37.5% in the fourth quarter. Two Sigma Investments LP now owns 320,249 shares of the company's stock valued at $7,449,000 after purchasing an additional 87,352 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth about $7,899,000. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Down 0.9%

OWL stock opened at $18.91 on Friday. The stock has a 50-day moving average price of $19.14 and a two-hundred day moving average price of $18.93. Blue Owl Capital has a 12-month low of $14.55 and a 12-month high of $26.73. The company has a market cap of $29.30 billion, a PE ratio of 210.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16.

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

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.225 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. Blue Owl Capital's dividend payout ratio is presently 1,000.00%.

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.

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