Barclays Issues Positive Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective upped by stock analysts at Barclays from $21.00 to $23.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target would indicate a potential upside of 21.44% from the stock's previous close.

Several other equities analysts have also issued reports on OWL. Piper Sandler raised their price objective on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Wells Fargo & Company increased their price objective 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. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Finally, JMP Securities reduced their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.85.

Blue Owl Capital Stock Down 3.4%

Shares of Blue Owl Capital stock traded down $0.66 during mid-day trading on Thursday, reaching $18.94. 6,196,861 shares of the stock traded hands, compared to its average volume of 6,901,282. The business has a 50-day moving average of $18.95 and a 200 day moving average of $20.53. Blue Owl Capital has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The stock has a market capitalization of $29.13 billion, a PE ratio of 145.70, a PEG ratio of 1.31 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued 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). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The business had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. On average, equities research analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vise Technologies Inc. boosted its stake in shares of Blue Owl Capital by 4.6% during the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock worth $255,000 after acquiring an additional 478 shares in the last quarter. Teza Capital Management LLC boosted its stake in shares of Blue Owl Capital by 1.7% during the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock worth $673,000 after acquiring an additional 485 shares in the last quarter. State of Wyoming boosted its stake in shares of Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after acquiring an additional 503 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Blue Owl Capital by 39.1% during the 1st 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, Benjamin Edwards Inc. boosted its stake in shares of Blue Owl Capital by 3.0% during the 4th quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock worth $532,000 after acquiring an additional 658 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

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.