Blue Owl Capital Inc. (NYSE:OWL – Get Rating) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.18.
Several analysts recently issued reports on OWL shares. Credit Suisse Group set a $11.50 price objective on shares of Blue Owl Capital in a report on Wednesday, November 23rd. The Goldman Sachs Group boosted their price target on shares of Blue Owl Capital from $15.00 to $16.75 and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Keefe, Bruyette & Woods lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating and set a $13.00 price target on the stock. in a research note on Monday, January 2nd. Finally, JMP Securities boosted their price target on shares of Blue Owl Capital from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 14th.
Institutional Trading of Blue Owl Capital
A number of institutional investors have recently bought and sold shares of OWL. Signaturefd LLC acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $32,000. Quantbot Technologies LP acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $35,000. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Blue Owl Capital by 4,251.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 5,526 shares of the company’s stock valued at $51,000 after buying an additional 5,399 shares in the last quarter. 29.68% of the stock is owned by hedge funds and other institutional investors.
Blue Owl Capital Trading Down 10.1 %
Blue Owl Capital (NYSE:OWL – Get Rating) last issued its quarterly earnings data on Monday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $395.51 million for the quarter, compared to analyst estimates of $381.39 million. Blue Owl Capital had a negative net margin of 0.68% and a positive return on equity of 13.14%. During the same period in the previous year, the firm earned $0.12 EPS. Equities research analysts forecast that Blue Owl Capital will post 0.71 earnings per share for the current year.
Blue Owl Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 6th. Investors of record on Friday, February 24th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, February 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.89%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.12. Blue Owl Capital’s payout ratio is presently -1,733.33%.
Blue Owl Capital Company Profile
Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.
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