Shares of Blue Owl Capital Inc. (NYSE:OWL – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.83.
OWL has been the topic of several research reports. Wolfe Research assumed coverage on Blue Owl Capital in a research report on Wednesday, October 4th. They set an “outperform” rating and a $16.00 price target on the stock. Citigroup upped their price objective on Blue Owl Capital from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, October 6th. JMP Securities cut their price target on Blue Owl Capital from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, August 2nd. Oppenheimer lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, UBS Group reiterated a “neutral” rating and issued a $14.00 target price (down from $15.00) on shares of Blue Owl Capital in a research report on Friday, October 20th.
Blue Owl Capital Stock Down 1.4 %
Blue Owl Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, November 17th. Blue Owl Capital’s payout ratio is 800.11%.
Institutional Trading of Blue Owl Capital
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new position in Blue Owl Capital during the 1st quarter valued at $152,000. JPMorgan Chase & Co. lifted its holdings in shares of Blue Owl Capital by 168.4% in the first quarter. JPMorgan Chase & Co. now owns 407,381 shares of the company’s stock valued at $5,166,000 after purchasing an additional 255,594 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Blue Owl Capital by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 780,428 shares of the company’s stock valued at $9,895,000 after purchasing an additional 59,124 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of Blue Owl Capital in the first quarter valued at $131,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of Blue Owl Capital in the first quarter valued at $31,838,000. 29.11% of the stock is currently owned by institutional investors and hedge funds.
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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