Blue Owl Capital Inc. (NYSE:OWL) Given Average 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 covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $14.0357.

OWL has been the subject of several research analyst reports. Piper Sandler cut their price objective on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a report on Tuesday, April 7th. The Goldman Sachs Group cut their price objective on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. BMO Capital Markets cut their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Oppenheimer cut their price objective on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. cut their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $9.24 on Tuesday. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $21.08. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 76.97, a PEG ratio of 1.00 and a beta of 1.20. The business has a fifty day moving average of $9.72 and a 200-day moving average of $11.66.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The company had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. On average, equities research analysts predict that Blue Owl Capital will post 0.88 EPS for the current 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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 10.0%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s payout ratio is currently 766.67%.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Blue Owl Capital by 50.0% during the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after purchasing an additional 132,637 shares during the period. Russell Investments Group Ltd. raised its position in shares of Blue Owl Capital by 4.0% during the second quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock worth $849,000 after purchasing an additional 1,703 shares during the period. Jump Financial LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth $238,000. California Public Employees Retirement System raised its position in shares of Blue Owl Capital by 28.2% during the second quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock worth $15,123,000 after purchasing an additional 172,982 shares during the period. Finally, State Street Corp raised its position in shares of Blue Owl Capital by 10.6% during the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after purchasing an additional 950,700 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

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.