Blue Owl Capital Inc. (NYSE:OWL) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Blue Owl Capital received a consensus “Moderate Buy” rating from 16 brokerages, with seven buy ratings, eight holds and one strong buy. Analysts’ average 12-month price target is $13.77.
• Shares opened at $9.09, well below the consensus target, while the company’s latest quarterly results met expectations with EPS of $0.22 and revenue of $693.56 million.
• Blue Owl paid a quarterly dividend of $0.23 per share, equivalent to a 10.1% annualized yield, and institutional investors and hedge funds owned 35.85% of the stock.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.77.

A number of research firms have recently issued reports on OWL. The Goldman Sachs Group lifted their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Citizens Jmp lowered their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating for the company in a report on Thursday, July 9th. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a research note on Monday, August 3rd. Barclays boosted their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Finally, HSBC set a $17.00 target price on Blue Owl Capital in a research note on Thursday, September 24th.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $9.09 on Thursday. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $17.33. The business has a 50-day moving average of $10.89 and a 200-day moving average of $9.92. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 75.78, a PEG ratio of 1.02 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. Research analysts expect that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Thursday, August 13th. Blue Owl Capital's dividend payout ratio (DPR) is 766.67%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. grew its position in shares of Blue Owl Capital by 47.9% during the second quarter. QRG Capital Management Inc. now owns 472,852 shares of the company's stock worth $4,137,000 after buying an additional 153,089 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Blue Owl Capital by 38.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,173 shares of the company's stock valued at $194,000 after acquiring an additional 6,198 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Blue Owl Capital by 104.0% in the second quarter. Sequoia Financial Advisors LLC now owns 31,649 shares of the company's stock valued at $277,000 after acquiring an additional 16,135 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Blue Owl Capital by 47.1% during the 2nd quarter. Engineers Gate Manager LP now owns 443,312 shares of the company's stock valued at $3,879,000 after acquiring an additional 141,865 shares during the last quarter. Finally, Concorde Asset Management LLC bought a new position in Blue Owl Capital during the 2nd quarter valued at $596,000. 35.85% of the stock is owned by institutional investors and hedge funds.

About Blue Owl Capital

Blue Owl Capital Inc NYSE: OWL is a global alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals and private wealth clients. The company manages capital across credit, real assets and other alternative investment strategies.

Its credit business focuses on areas such as direct lending, technology lending and opportunistic credit, providing financing to middle-market companies and other borrowers. Blue Owl's GP Strategic Capital business supplies long-term capital solutions to private-market investment managers, while its real estate platform invests in strategies including net lease and real estate credit.

Blue Owl was formed in 2020 through the combination of Owl Rock Capital Partners and Dyal Capital Partners and became a publicly traded company in 2021.

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