Blue Owl Capital (NYSE:OWL) Price Target Lowered to $21.00 at Piper Sandler

Blue Owl Capital (NYSE:OWLFree Report) had its price target decreased by Piper Sandler from $23.00 to $21.00 in a research note released on Wednesday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other analysts have also commented on OWL. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research report on Thursday, April 4th. TD Cowen reaffirmed a hold rating and issued a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a research report on Monday. JPMorgan Chase & Co. reissued a neutral rating and issued a $18.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 13th. Evercore ISI boosted their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an outperform rating in a research report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a $21.00 price target on shares of Blue Owl Capital in a research report on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of Moderate Buy and an average price target of $19.81.

Check Out Our Latest Stock Analysis on Blue Owl Capital

Blue Owl Capital Price Performance

OWL opened at $17.23 on Wednesday. The company’s 50-day moving average is $18.02 and its 200 day moving average is $17.45. Blue Owl Capital has a fifty-two week low of $10.64 and a fifty-two week high of $19.87. The firm has a market capitalization of $24.61 billion, a P/E ratio of 143.54, a PEG ratio of 1.03 and a beta of 1.18.

Blue Owl Capital (NYSE:OWLGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. The company had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. On average, equities research analysts expect that Blue Owl Capital will post 0.82 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, May 21st were paid a dividend of $0.18 per share. The ex-dividend date was Monday, May 20th. This represents a $0.72 annualized dividend and a yield of 4.18%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s payout ratio is currently 600.00%.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Hawaiian Bank purchased a new position in Blue Owl Capital in the 2nd quarter worth approximately $184,000. Transcend Capital Advisors LLC grew its stake in Blue Owl Capital by 0.5% in the 2nd quarter. Transcend Capital Advisors LLC now owns 1,721,223 shares of the company’s stock worth $30,552,000 after buying an additional 9,052 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in Blue Owl Capital by 1.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 978,499 shares of the company’s stock worth $18,454,000 after buying an additional 10,483 shares in the last quarter. LRI Investments LLC purchased a new position in Blue Owl Capital in the 1st quarter worth approximately $105,000. Finally, Virtu Financial LLC purchased a new position in Blue Owl Capital in the 1st quarter worth approximately $599,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

(Get Free Report)

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.

Read More

Analyst Recommendations for Blue Owl Capital (NYSE:OWL)

Receive News & Ratings for Blue Owl Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Capital and related companies with MarketBeat.com's FREE daily email newsletter.