Blue Owl Capital (NYSE:OWL) Given New $17.00 Price Target at Citizens Jmp

Blue Owl Capital (NYSE:OWL) had its price target decreased by Citizens Jmp from $21.00 to $17.00 in a research report released on Thursday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Several other analysts have also commented on the company. Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a report on Thursday, July 2nd. Piper Sandler dropped their target price on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. TD Cowen reaffirmed a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a research report on Monday, May 18th. UBS Group reiterated a “neutral” rating and issued a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. Finally, Oppenheimer lowered their price target 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.37.

Blue Owl Capital Trading Up 0.7%

OWL opened at $9.30 on Thursday. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 77.54, a PEG ratio of 0.98 and a beta of 1.22. Blue Owl Capital has a 12-month low of $7.95 and a 12-month high of $21.08. The business’s fifty day simple moving average is $9.61 and its 200-day simple moving average is $11.02.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company 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%. 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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is 766.67%.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently modified their holdings of the business. Arax Advisory Partners purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC raised its stake in shares of Blue Owl Capital by 383.6% during the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after buying an additional 1,400 shares during the period. Toronto Dominion Bank purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $26,000. Lavaca Capital LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $28,000. Finally, Essential Partners LLC grew its stake in Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after acquiring an additional 2,833 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Blue Owl Capital

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Blue Owl launched a new digital infrastructure venture, Kirkwood Infrastructure Group, aimed at developing conduit and high-count fiber networks to support hyperscale data centers and next-generation connectivity across the U.S. Funds Managed by Blue Owl Digital Infrastructure Strategy Launch Kirkwood Infrastructure Group
• Positive Sentiment: Funds managed by Blue Owl completed the acquisition of a portfolio of 12 UK acute-care hospitals operated by Spire Healthcare, extending its European net lease strategy and adding long-duration, lease-backed assets. Funds Managed by Blue Owl Capital Complete Acquisition of Spire Healthcare Portfolio
• Positive Sentiment: Reports also highlighted Blue Owl’s push into fiber infrastructure for data centers, which investors may see as a timely way to benefit from rising demand for digital infrastructure. Why Is Blue Owl (NYSE:OWL) Expanding Fiber Infrastructure?
• Neutral Sentiment: Citizens JMP lowered its price target on Blue Owl to $17 from $21, but kept an outperform rating, suggesting continued upside despite a more conservative valuation view. Benzinga report on Citizens JMP price target change
• Negative Sentiment: Barclays cut its price target on Blue Owl to $9 from $10 and maintained an equal-weight rating, adding some near-term pressure from a less constructive analyst stance. Benzinga report on Barclays price target change

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.