Blue Owl Capital (NYSE:OWL) Price Target Raised to $21.00

Blue Owl Capital (NYSE:OWL) had its price objective raised by Wells Fargo & Company from $20.00 to $21.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

OWL has been the topic of several other research reports. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a report on Thursday, March 27th. Barclays reduced their price objective on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Citigroup reduced their price objective on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. JMP Securities reduced their price objective on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Piper Sandler reduced their price objective on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

Blue Owl Capital Price Performance

Shares of OWL opened at $18.25 on Friday. The company has a market capitalization of $28.06 billion, a P/E ratio of 107.33, a PEG ratio of 1.23 and a beta of 1.21. Blue Owl Capital has a one year low of $14.55 and a one year high of $26.73. The business’s 50 day simple moving average is $18.63 and its 200-day simple moving average is $21.58.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The business had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. On average, sell-side analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.93%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio is 692.31%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rothschild Investment LLC raised its stake in Blue Owl Capital by 316.1% during the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after buying an additional 25,795 shares during the period. Arizona State Retirement System raised its stake in Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after buying an additional 19,810 shares during the period. Princeton Global Asset Management LLC acquired a new stake in Blue Owl Capital during the 4th quarter worth $1,773,000. Charles Schwab Investment Management Inc. raised its stake in Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock worth $80,179,000 after buying an additional 106,485 shares during the period. Finally, Scholtz & Company LLC raised its stake in Blue Owl Capital by 13.0% during the 4th quarter. Scholtz & Company LLC now owns 153,615 shares of the company’s stock worth $3,573,000 after buying an additional 17,685 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.