Blue Owl Capital (NYSE:OWL) Stock Price Expected to Rise, Evercore ISI Analyst Says

Blue Owl Capital (NYSE:OWL - Free Report) had its price target lifted by Evercore ISI from $20.00 to $21.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. UBS Group lowered their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Piper Sandler boosted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday, April 16th. Wells Fargo & Company lifted 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 research note on Friday, May 23rd. Finally, 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 report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus price target of $23.85.

Blue Owl Capital Stock Down 3.4%

Blue Owl Capital stock traded down $0.66 during trading hours on Thursday, hitting $18.94. The stock had a trading volume of 4,648,735 shares, compared to its average volume of 6,901,279. The stock's 50-day moving average price is $18.95 and its 200-day moving average price is $20.53. The stock has a market capitalization of $29.13 billion, a P/E ratio of 145.70, a price-to-earnings-growth ratio of 1.31 and a beta of 1.17. Blue Owl Capital has a 12-month low of $14.55 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. On average, research analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.75%. Blue Owl Capital's dividend payout ratio (DPR) is presently 692.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in Blue Owl Capital by 16.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock worth $1,358,000 after purchasing an additional 9,522 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Blue Owl Capital by 13.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock worth $230,000 after buying an additional 1,357 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its stake in shares of Blue Owl Capital by 8.6% in the first quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock worth $5,766,000 after buying an additional 22,778 shares during the period. Scholtz & Company LLC lifted its position in shares of Blue Owl Capital by 13.0% during the 4th quarter. Scholtz & Company LLC now owns 153,615 shares of the company's stock valued at $3,573,000 after buying an additional 17,685 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Blue Owl Capital by 2.4% during the 4th quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock valued at $215,131,000 after acquiring an additional 218,586 shares during the period. Hedge funds and other institutional investors 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.