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

Key Points

• Blue Owl Capital Inc. has received a consensus recommendation of "Moderate Buy" from thirteen analysts, with a 12-month average target price of $24.02.
• The company reported earnings of $0.21 per share, matching analysts' expectations, along with $703.11 million in revenue for the last quarter, surpassing estimates.
• Blue Owl Capital announced a quarterly dividend of $0.225 per share, providing an annualized yield of 4.8%.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.02.

A number of equities research analysts recently issued reports on the stock. Piper Sandler upped their price objective 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. JMP Securities dropped their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Raymond James Financial began coverage on Blue Owl Capital in a report on Monday, July 28th. They issued a "market perform" rating on the stock. Finally, Oppenheimer raised their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $18.84 on Friday. The stock's 50 day simple moving average is $19.27 and its 200-day simple moving average is $20.14. The stock has a market cap of $28.97 billion, a P/E ratio of 209.36, a P/E/G ratio of 1.33 and a beta of 1.16. Blue Owl Capital has a 1-year low of $14.55 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.90% and a net margin of 2.88%. The company had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. As a group, research analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is 1,000.00%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its holdings 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 purchasing an additional 1,050 shares in the last quarter. Banque Transatlantique SA purchased a new position in Blue Owl Capital in the 1st quarter valued at approximately $31,000. SVB Wealth LLC purchased a new position in Blue Owl Capital in the 1st quarter valued at approximately $38,000. Cullen Frost Bankers Inc. grew its stake in shares of 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 acquiring an additional 583 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after acquiring an additional 998 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

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.

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