Blue Owl Capital Inc. (NYSE:OWL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Blue Owl Capital Inc. (NYSE:OWL) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.89.

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a report on Thursday, April 4th. TD Cowen cut their price target on Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating for the company in a report on Friday, May 3rd. Evercore ISI lifted their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, April 18th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OWL. Benjamin F. Edwards & Company Inc. purchased a new position in Blue Owl Capital during the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in Blue Owl Capital in the 3rd quarter worth approximately $27,000. Salem Investment Counselors Inc. raised its holdings in Blue Owl Capital by 58.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after acquiring an additional 1,159 shares during the last quarter. Clearstead Advisors LLC purchased a new position in Blue Owl Capital in the 3rd quarter worth approximately $49,000. Finally, Loomis Sayles & Co. L P raised its holdings in Blue Owl Capital by 1,570.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock worth $63,000 after acquiring an additional 4,585 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.6 %

Shares of NYSE OWL opened at $18.41 on Thursday. The stock has a fifty day simple moving average of $18.34 and a two-hundred day simple moving average of $15.99. Blue Owl Capital has a 1-year low of $9.70 and a 1-year high of $19.87. The firm has a market cap of $26.30 billion, a price-to-earnings ratio of 153.42, a price-to-earnings-growth ratio of 1.16 and a beta of 1.24.

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

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st will be issued a $0.18 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.72 annualized dividend and a dividend yield of 3.91%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s payout ratio is currently 466.67%.

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.