Blue Owl Capital (NYSE:OWL) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Blue Owl Capital (NYSE:OWL) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Several other analysts have also commented on the stock. Barclays increased their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Raymond James Financial started coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a “market perform” rating for the company. Oppenheimer increased their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $23.56.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $16.25 on Thursday. Blue Owl Capital has a 1 year low of $14.55 and a 1 year high of $26.73. The firm’s 50-day moving average is $18.58 and its two-hundred day moving average is $18.79. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 180.52, a PEG ratio of 1.07 and a beta of 1.13.

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

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given 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%.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Blue Owl Capital by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 62,948,362 shares of the company’s stock worth $1,209,238,000 after buying an additional 2,535,475 shares during the last quarter. Geode Capital Management LLC raised its position in Blue Owl Capital by 14.6% during the 2nd quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after buying an additional 1,313,108 shares during the last quarter. JPMorgan Chase & Co. raised its position in Blue Owl Capital by 2.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,904,618 shares of the company’s stock worth $190,270,000 after buying an additional 232,890 shares during the last quarter. State Street Corp raised its position in Blue Owl Capital by 10.6% during the 2nd quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after buying an additional 950,700 shares during the last quarter. Finally, Norges Bank purchased a new position in Blue Owl Capital during the 2nd quarter worth approximately $183,294,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

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.