Brokerages Set Blue Owl Capital Inc. (NYSE:OWL) PT at $13.16

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.1625.

Several analysts recently weighed in on the company. Piper Sandler dropped their price objective on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Capital One Financial set a $11.00 target price on Blue Owl Capital in a research note on Monday, July 13th. JPMorgan Chase & Co. reduced their price target on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Finally, TD Cowen reiterated a “buy” rating and set a $14.00 price objective on shares of Blue Owl Capital in a research report on Monday, May 18th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Arax Advisory Partners bought a new stake in Blue Owl Capital during the 4th quarter worth $25,000. Roxbury Financial LLC raised its position in Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the last quarter. Toronto Dominion Bank bought a new position in Blue Owl Capital in the fourth quarter valued at about $26,000. Lavaca Capital LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $28,000. Finally, Essential Partners LLC boosted its stake in shares of Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after purchasing an additional 2,833 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Down 1.5%

Shares of Blue Owl Capital stock opened at $9.38 on Friday. The company has a market cap of $14.57 billion, a PE ratio of 78.12, a price-to-earnings-growth ratio of 1.03 and a beta of 1.22. The company has a 50 day moving average of $9.53 and a 200-day moving average of $10.72. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $20.90.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. Research analysts forecast that Blue Owl Capital will post 0.87 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.8%. Blue Owl Capital’s payout ratio is presently 766.67%.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.