Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $24.02.
A number of research analysts have recently commented on the stock. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. UBS Group dropped their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods raised 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 report on Tuesday, May 20th. Citigroup decreased their target price 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. Finally, Piper Sandler increased their price target on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd.
Read Our Latest Research Report on Blue Owl Capital
Hedge Funds Weigh In On Blue Owl Capital
Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in shares of Blue Owl Capital by 18.1% during the second quarter. Parallel Advisors LLC now owns 7,637 shares of the company's stock valued at $147,000 after buying an additional 1,169 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Blue Owl Capital by 26.7% during 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 valued at $39,963,000 after buying an additional 420,809 shares during the period. Select Equity Group L.P. purchased a new position in shares of Blue Owl Capital during the first quarter valued at approximately $38,810,000. NewEdge Advisors LLC grew its stake in 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 purchasing an additional 6,659 shares during the period. Finally, HMI Capital Management L.P. purchased a new stake in Blue Owl Capital in the first quarter worth $30,343,000. 35.85% of the stock is owned by hedge funds and other institutional investors.
Blue Owl Capital Stock Up 0.7%
Blue Owl Capital stock traded up $0.15 during midday trading on Tuesday, hitting $19.51. 126,548 shares of the stock were exchanged, compared to its average volume of 6,877,358. The company has a fifty day simple moving average of $18.90 and a two-hundred day simple moving average of $20.57. Blue Owl Capital has a 52 week low of $14.55 and a 52 week high of $26.73. The stock has a market capitalization of $30.00 billion, a PE ratio of 150.20, a P/E/G ratio of 1.30 and a beta of 1.17.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released 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 firm had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. As a group, equities research analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current fiscal year.
Blue Owl Capital Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.225 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 annualized dividend and a yield of 4.61%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's payout ratio is presently 692.31%.
Blue Owl Capital Company Profile
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Get Free ReportBlue 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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