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

Blue Owl Capital Inc. (NYSE:OWL) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.00.

Several equities analysts recently commented on OWL shares. Oppenheimer set a $25.00 target price on Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a report on Tuesday, October 21st. Raymond James Financial initiated coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a “market perform” rating for the company. Barclays dropped their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, The Goldman Sachs Group reduced their price objective on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 6th.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Blue Owl Capital by 31.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company’s stock worth $285,000 after purchasing an additional 3,407 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 purchasing an additional 229,745 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Blue Owl Capital by 36.1% during the first quarter. Envestnet Asset Management Inc. now owns 917,980 shares of the company’s stock worth $18,396,000 after buying an additional 243,658 shares in the last quarter. Brown Advisory Inc. grew its position in Blue Owl Capital by 3.3% during the first quarter. Brown Advisory Inc. now owns 43,065 shares of the company’s stock worth $863,000 after buying an additional 1,358 shares during the period. Finally, Allworth Financial LP increased its holdings in Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock valued at $45,000 after buying an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 3.2%

Shares of NYSE:OWL opened at $15.42 on Monday. Blue Owl Capital has a fifty-two week low of $14.52 and a fifty-two week high of $26.73. The firm’s 50 day moving average price is $17.10 and its 200 day moving average price is $18.40. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of 257.06, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $727.99 million for the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. On average, equities analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be given a $0.225 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.8%. Blue Owl Capital’s dividend payout ratio is 1,500.00%.

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.