Blue Owl Capital (NYSE:OWL) Price Target Cut to $9.00 by Analysts at Barclays

Blue Owl Capital (NYSE:OWL) had its target price lowered by Barclays from $10.00 to $9.00 in a research note published on Thursday morning, Marketbeat.com reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Citizens Jmp dropped their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. UBS Group reaffirmed a “neutral” rating and issued a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. JPMorgan Chase & Co. lowered their price objective on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $13.37.

Blue Owl Capital Trading Up 0.7%

Blue Owl Capital stock opened at $9.30 on Thursday. The company has a market cap of $14.47 billion, a PE ratio of 77.54, a PEG ratio of 0.98 and a beta of 1.22. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $21.08. The company’s 50-day moving average is $9.61 and its two-hundred day moving average is $11.02.

Blue Owl Capital (NYSE:OWL) last posted 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 business had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. Research analysts forecast that Blue Owl Capital will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced 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 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 payout ratio is currently 766.67%.

Institutional Investors Weigh In On Blue Owl Capital

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock valued at $195,920,000 after acquiring an additional 1,667,608 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in Blue Owl Capital by 5,256.9% during the third quarter. Elevation Point Wealth Partners LLC now owns 374,236 shares of the company’s stock worth $6,336,000 after purchasing an additional 367,250 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Blue Owl Capital by 129.4% during the fourth quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock worth $3,590,000 after purchasing an additional 135,184 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of Blue Owl Capital by 44.5% in the 3rd quarter. Aquatic Capital Management LLC now owns 371,965 shares of the company’s stock worth $6,297,000 after purchasing an additional 114,564 shares in the last quarter. Finally, Verity & Verity LLC boosted its holdings in shares of Blue Owl Capital by 45.2% in the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after purchasing an additional 322,530 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Key Headlines 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.