Blue Owl Capital Inc. (NYSE:OWL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.0357.

Several research analysts have commented on the company. TD Cowen reaffirmed a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Piper Sandler cut their target price on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Evercore set a $14.00 target price on Blue Owl Capital in a report on Friday, February 6th. Finally, Oppenheimer lowered their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, April 13th.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently bought and sold shares of OWL. Capital World Investors raised its position in shares of Blue Owl Capital by 5.9% during the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after purchasing an additional 5,029,134 shares during the period. Vanguard Group Inc. raised its holdings in Blue Owl Capital by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock worth $1,025,016,000 after buying an additional 691,980 shares during the last quarter. Capital International Investors lifted its stake in shares of Blue Owl Capital by 4.3% in the fourth quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after buying an additional 2,676,281 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Blue Owl Capital by 8.4% in the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after buying an additional 1,751,024 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Blue Owl Capital by 16.2% during the fourth quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after buying an additional 1,970,101 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 2.2%

Shares of OWL stock opened at $9.90 on Friday. Blue Owl Capital has a twelve month low of $7.95 and a twelve month high of $21.08. The company has a market cap of $15.39 billion, a P/E ratio of 82.53, a P/E/G ratio of 1.07 and a beta of 1.19. The business has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $12.23.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The company had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. As a group, equities research analysts anticipate that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.3%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio is currently 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.