Blue Owl Capital (NYSE:OWL) Raised to "Outperform" at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital (NYSE:OWL - Free Report) from a market perform rating to an outperform rating in a report published on Tuesday morning, Marketbeat.com reports. Keefe, Bruyette & Woods currently has $23.00 target price on the stock, up from their prior target price of $20.00.

Several other analysts also recently weighed in on OWL. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. JMP Securities lowered their target price on 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. Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday, April 16th. UBS Group decreased their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup lowered their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average price target of $23.40.

Blue Owl Capital Stock Up 0.1%

NYSE:OWL traded up $0.02 during trading hours on Tuesday, hitting $18.25. 4,343,099 shares of the company's stock traded hands, compared to its average volume of 6,865,061. Blue Owl Capital has a 52 week low of $14.55 and a 52 week high of $26.73. The business's fifty day simple moving average is $18.63 and its two-hundred day simple moving average is $21.59. The firm has a market cap of $28.06 billion, a P/E ratio of 107.33, a P/E/G ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results 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 net margin of 4.77% and a return on equity of 20.82%. The business had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. On average, analysts expect that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.225 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Wednesday, May 14th. Blue Owl Capital's payout ratio is presently 692.31%.

Institutional Investors Weigh In On Blue Owl Capital

A number of large investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Blue Owl Capital by 26.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,994,159 shares of the company's stock worth $39,963,000 after buying an additional 420,809 shares in the last quarter. Select Equity Group L.P. purchased a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $38,810,000. NewEdge Advisors LLC raised its position in shares of Blue Owl Capital by 2.3% in the 1st quarter. NewEdge Advisors LLC now owns 298,378 shares of the company's stock worth $5,979,000 after acquiring an additional 6,659 shares in the last quarter. HMI Capital Management L.P. purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at approximately $30,343,000. Finally, Banque Transatlantique SA purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at approximately $31,000. 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.