Blue Owl Capital (NYSE:OWL) Coverage Initiated at BMO Capital Markets

Key Points

• BMO Capital Markets initiated coverage of Blue Owl Capital (NYSE:OWL) with an "outperform" rating and a price target of $18.00, indicating a potential upside of 12.18% from the current stock price.
• The consensus target price among analysts for Blue Owl Capital is $23.56, with 12 analysts rating it as a Buy and 3 as Hold.
• Blue Owl Capital reported a revenue of $703.11 million for the last quarter, exceeding consensus estimates, and has a market cap of $24.86 billion.

Equities researchers at BMO Capital Markets began coverage on shares of Blue Owl Capital (NYSE:OWL - Get Free Report) in a report issued on Friday,Benzinga reports. The brokerage set an "outperform" rating and a $18.00 price target on the stock. BMO Capital Markets' price objective suggests a potential upside of 12.18% from the stock's current price.

OWL has been the subject of a number of other research reports. Barclays upped their price objective on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Evercore ISI increased their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Oppenheimer increased their target price 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 started coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus target price of $23.56.

Blue Owl Capital Price Performance

NYSE:OWL opened at $16.05 on Friday. The firm's fifty day moving average price is $18.66 and its 200 day moving average price is $18.83. Blue Owl Capital has a 1-year low of $14.55 and a 1-year high of $26.73. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 178.30, a price-to-earnings-growth ratio of 1.06 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.21 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 company had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. As a group, analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $235,000. GAMMA Investing LLC boosted its stake in Blue Owl Capital by 2,911.9% in the first quarter. GAMMA Investing LLC now owns 20,240 shares of the company's stock worth $406,000 after purchasing an additional 19,568 shares in the last quarter. Parallel Advisors LLC boosted its stake in Blue Owl Capital by 21.9% in the first quarter. Parallel Advisors LLC now owns 6,468 shares of the company's stock worth $130,000 after purchasing an additional 1,161 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Blue Owl Capital by 0.9% during the first quarter. Rhumbline Advisers now owns 604,635 shares of the company's stock valued at $12,117,000 after acquiring an additional 5,298 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of Blue Owl Capital by 7.2% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 177,260 shares of the company's stock valued at $3,552,000 after acquiring an additional 11,877 shares during the period. 35.85% of the stock is owned by institutional investors.

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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