Blue Owl Capital (NYSE:OWL) Price Target Raised to $26.00

Blue Owl Capital (NYSE:OWL - Free Report) had its price objective boosted by Oppenheimer from $25.00 to $26.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

OWL has been the subject of several other reports. Citigroup decreased their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI boosted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Finally, Piper Sandler boosted their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Stock Up 3.3%

OWL stock traded up $0.67 during trading on Monday, hitting $20.85. The company had a trading volume of 12,180,406 shares, compared to its average volume of 6,984,539. The company has a 50 day simple moving average of $19.04 and a 200-day simple moving average of $20.41. Blue Owl Capital has a 52-week low of $14.55 and a 52-week high of $26.73. The firm has a market capitalization of $32.06 billion, a P/E ratio of 160.37, a PEG ratio of 1.29 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 (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. Sell-side analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $0.225 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.32%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is currently 692.31%.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently modified their holdings 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 during the period. Banque Transatlantique SA purchased a new stake in shares of Blue Owl Capital in the first quarter valued at about $31,000. Jones Financial Companies Lllp grew its holdings in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after purchasing an additional 1,315 shares during the period. SVB Wealth LLC purchased a new stake in shares of Blue Owl Capital in the first quarter valued at about $38,000. Finally, Cullen Frost Bankers Inc. grew its holdings 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 valued at $42,000 after purchasing an additional 583 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

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.