Blue Owl Capital Inc. (NYSE:OWL) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.84.

A number of analysts have recently issued reports on OWL shares. JMP Securities restated a "market outperform" rating and set a $24.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Evercore ISI upped their price target on Blue Owl Capital from $18.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, April 4th. Piper Sandler upped their price target on Blue Owl Capital from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday. The Goldman Sachs Group upped their price target on Blue Owl Capital from $17.75 to $20.25 and gave the company a "buy" rating in a research report on Monday, February 12th. Finally, TD Cowen initiated coverage on Blue Owl Capital in a research report on Thursday, January 4th. They issued an "outperform" rating and a $17.00 price target on the stock.

Insider Activity

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.81, for a total transaction of $71,145,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 33.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors increased its holdings in Blue Owl Capital by 3.4% in the first quarter. Capital World Investors now owns 40,767,463 shares of the company's stock valued at $516,931,000 after purchasing an additional 1,349,425 shares during the last quarter. Vanguard Group Inc. increased its holdings in Blue Owl Capital by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 40,480,663 shares of the company's stock valued at $603,162,000 after purchasing an additional 281,324 shares during the last quarter. Capital International Investors increased its holdings in shares of Blue Owl Capital by 12.0% in the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company's stock worth $494,347,000 after acquiring an additional 3,565,657 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Blue Owl Capital by 1.4% in the first quarter. BlackRock Inc. now owns 15,301,223 shares of the company's stock worth $169,538,000 after acquiring an additional 204,662 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Blue Owl Capital by 4.0% in the second quarter. State Street Corp now owns 6,240,389 shares of the company's stock worth $72,701,000 after acquiring an additional 238,961 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.33 during trading on Friday, hitting $18.54. 2,401,375 shares of the stock traded hands, compared to its average volume of 3,776,529. The stock has a market cap of $26.49 billion, a P/E ratio of 185.42, a PEG ratio of 1.20 and a beta of 1.27. Blue Owl Capital has a twelve month low of $9.70 and a twelve month high of $19.87. The company has a fifty day moving average price of $17.98 and a two-hundred day moving average price of $15.36.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $494.04 million during the quarter, compared to analyst estimates of $438.77 million. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. During the same period in the previous year, the company earned $0.15 EPS. On average, equities research analysts expect that Blue Owl Capital will post 0.84 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital's dividend payout ratio (DPR) is presently 560.06%.

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.