Blue Owl Capital (NYSE:OWL) Now Covered by BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Blue Owl Capital (NYSE:OWL) in a report published on Friday morning,Benzinga reports. The firm issued an outperform rating and a $18.00 price objective on the stock.

Several other analysts also recently issued reports on OWL. Piper Sandler upped their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an “overweight” rating in a report on Wednesday, July 2nd. Evercore ISI upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Barclays raised their price target on Blue Owl Capital from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Cowen restated a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Finally, Raymond James Financial initiated coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a “market perform” rating for the company. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.56.

Blue Owl Capital Stock Performance

OWL opened at $16.25 on Friday. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 180.52, a PEG ratio of 1.05 and a beta of 1.13. Blue Owl Capital has a one year low of $14.55 and a one year high of $26.73. The business’s fifty day moving average is $18.58 and its two-hundred day moving average is $18.80.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million during the quarter, compared to analysts’ expectations of $642.13 million. On average, analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 5.5%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 1,000.00%.

Institutional Trading of Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Blue Owl Capital by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company’s stock valued at $53,223,000 after acquiring an additional 229,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Blue Owl Capital by 13.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company’s stock valued at $230,000 after purchasing an additional 1,357 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Blue Owl Capital by 16.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company’s stock valued at $1,358,000 after purchasing an additional 9,522 shares in the last quarter. Townsend Asset Management Corp NC ADV grew its holdings in shares of Blue Owl Capital by 8.6% during the 1st quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company’s stock worth $5,766,000 after purchasing an additional 22,778 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Blue Owl Capital by 17.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 189,397 shares of the company’s stock worth $3,638,000 after purchasing an additional 27,995 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.