Blue Owl Capital (NYSE:OWL) Stock Price Up 4.8% Following Analyst Upgrade

Blue Owl Capital Inc. (NYSE:OWL) shares traded up 4.8% on Thursday after Oppenheimer raised their price target on the stock from $21.00 to $24.00. Oppenheimer currently has an outperform rating on the stock. Blue Owl Capital traded as high as $23.44 and last traded at $23.42. 4,778,356 shares were traded during mid-day trading, a decline of 8% from the average session volume of 5,217,689 shares. The stock had previously closed at $22.35.

A number of other equities research analysts also recently weighed in on OWL. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Piper Sandler raised their price objective on shares of Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. JMP Securities raised their price objective on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Evercore ISI raised their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, UBS Group dropped their price objective on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.15.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OWL. Transcendent Capital Group LLC bought a new position in Blue Owl Capital during the 1st quarter worth approximately $26,000. ORG Partners LLC bought a new position in Blue Owl Capital during the 2nd quarter worth approximately $32,000. ORG Wealth Partners LLC bought a new stake in shares of Blue Owl Capital in the 3rd quarter valued at $32,000. Family Firm Inc. bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $40,000. Finally, Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $45,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

The firm’s 50 day moving average price is $18.46 and its two-hundred day moving average price is $18.33. The company has a market cap of $33.62 billion, a P/E ratio of 186.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. Blue Owl Capital’s dividend payout ratio is currently 600.00%.

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.