Blue Owl Capital Inc. (NYSE:OWL) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Blue Owl Capital Inc. has received a consensus rating of "Moderate Buy" from 14 analysts, with 11 buy ratings and an average target price of $24.02.
• The company recently reported quarterly earnings of $0.21 EPS, with revenue of $703.11 million, surpassing consensus estimates.
• Blue Owl Capital announced a $0.225 quarterly dividend with an annualized yield of 4.8%, set to be paid on August 28th.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $24.0208.

A number of equities research analysts have issued reports on the company. 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. UBS Group decreased their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Raymond James Financial assumed coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating for the company. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $18.68 on Wednesday. The stock's 50 day moving average price is $19.40 and its 200 day moving average price is $19.43. Blue Owl Capital has a 52 week low of $14.55 and a 52 week high of $26.73. The company has a market capitalization of $28.94 billion, a P/E ratio of 207.52, a P/E/G ratio of 1.22 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $642.13 million. As a group, sell-side analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, August 14th. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds have recently modified their holdings of OWL. MassMutual Private Wealth & Trust FSB boosted its position in shares of Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after acquiring an additional 1,050 shares during the period. Banque Transatlantique SA bought a new position in Blue Owl Capital in the first quarter worth $31,000. SVB Wealth LLC bought a new position in Blue Owl Capital in the first quarter worth $38,000. Cullen Frost Bankers Inc. lifted its position in Blue Owl Capital by 39.1% in the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after purchasing an additional 583 shares during the period. Finally, Allworth Financial LP lifted its position in Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after purchasing an additional 998 shares during the period. 35.85% of the stock is owned by institutional investors.

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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