Blue Owl Capital (NYSE:OWL) Price Target Lowered to $21.50 at TD Cowen

Blue Owl Capital (NYSE:OWL) had its target price trimmed by TD Cowen from $23.00 to $21.50 in a research note released on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods restated a market perform rating and issued a $19.00 target price on shares of Blue Owl Capital in a research note on Thursday, April 4th. UBS Group raised shares of Blue Owl Capital from a neutral rating to a buy rating and raised their target price for the company from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Evercore ISI boosted their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an outperform rating in a research note on Thursday, April 4th. Piper Sandler raised their price objective on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an overweight rating in a research report on Wednesday, April 10th. Finally, JMP Securities reiterated a market outperform rating and issued a $24.00 target price on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of Moderate Buy and an average target price of $19.89.

Blue Owl Capital Trading Up 2.4 %

OWL stock opened at $18.38 on Friday. The firm has a 50 day moving average of $18.33 and a 200-day moving average of $15.91. The firm has a market capitalization of $26.26 billion, a P/E ratio of 153.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.24. Blue Owl Capital has a 12 month low of $9.70 and a 12 month high of $19.87.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.02%. During the same period last year, the firm earned $0.15 EPS. Sell-side analysts predict that Blue Owl Capital will post 0.84 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.92%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, May 20th. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. M&T Bank Corp grew its position in Blue Owl Capital by 7.0% during the 4th quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after acquiring an additional 753 shares during the last quarter. Parsons Capital Management Inc. RI boosted its stake in shares of Blue Owl Capital by 5.5% during the first quarter. Parsons Capital Management Inc. RI now owns 15,932 shares of the company’s stock valued at $300,000 after purchasing an additional 832 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Blue Owl Capital by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock worth $2,543,000 after purchasing an additional 990 shares during the last quarter. Whalen Wealth Management Inc. raised its holdings in Blue Owl Capital by 4.0% during the 1st quarter. Whalen Wealth Management Inc. now owns 28,744 shares of the company’s stock valued at $542,000 after buying an additional 1,098 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after buying an additional 1,159 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

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.