Blue Owl Capital Inc. (NYSE:OWL) Receives Average Recommendation of "Moderate Buy" from Analysts

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $24.02.

OWL has been the subject of several research reports. Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the stock an "outperform" rating in a report on Wednesday, April 16th. Citigroup cut their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Piper Sandler raised their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Barclays dropped their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, April 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in Blue Owl Capital by 16.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock worth $1,358,000 after buying an additional 9,522 shares during the period. Arizona State Retirement System lifted its position in shares of Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after purchasing an additional 19,810 shares during the last quarter. Townsend Asset Management Corp NC ADV lifted its position in shares of Blue Owl Capital by 8.6% during the first quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock worth $5,766,000 after purchasing an additional 22,778 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Blue Owl Capital by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after purchasing an additional 106,485 shares in the last quarter. Finally, Scholtz & Company LLC grew its stake in Blue Owl Capital by 13.0% in the fourth quarter. Scholtz & Company LLC now owns 153,615 shares of the company's stock worth $3,573,000 after purchasing an additional 17,685 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

NYSE:OWL traded up $0.07 during midday trading on Tuesday, reaching $19.38. 4,719,327 shares of the stock traded hands, compared to its average volume of 6,908,647. The company has a fifty day moving average of $18.89 and a 200 day moving average of $20.58. Blue Owl Capital has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a market capitalization of $29.80 billion, a P/E ratio of 149.09, a PEG ratio of 1.32 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. The firm had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. On average, analysts predict 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 issued a dividend of $0.225 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

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.