Blue Owl Capital (NYSE:OWL) Given New $25.00 Price Target at Piper Sandler

Blue Owl Capital (NYSE:OWL) had its target price raised by Piper Sandler from $23.00 to $25.00 in a research report report published on Friday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on OWL. TD Cowen reiterated a “hold” rating and issued a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Oppenheimer raised their target price on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, UBS Group raised their target price on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.15.

Blue Owl Capital Stock Performance

Shares of OWL traded down $0.91 during trading hours on Friday, reaching $21.45. The stock had a trading volume of 9,159,480 shares, compared to its average volume of 5,336,298. Blue Owl Capital has a 12 month low of $12.24 and a 12 month high of $24.17. The stock has a market capitalization of $31.39 billion, a PE ratio of 134.07, a PEG ratio of 1.49 and a beta of 1.18. The company’s 50-day moving average is $19.81 and its two-hundred day moving average is $18.68.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The company had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. During the same period in the prior year, the company earned $0.16 EPS. Equities analysts anticipate that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 450.03%.

Institutional Trading of Blue Owl Capital

Several large investors have recently made changes to their positions in OWL. Stone Point Capital LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $112,749,000. Kinetic Partners Management LP acquired a new position in Blue Owl Capital during the 1st quarter valued at about $69,600,000. State of New Jersey Common Pension Fund A acquired a new position in Blue Owl Capital during the 2nd quarter valued at about $63,115,000. Ceredex Value Advisors LLC acquired a new position in Blue Owl Capital during the 2nd quarter valued at about $32,387,000. Finally, Point72 Asset Management L.P. boosted its stake in Blue Owl Capital by 69.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after purchasing an additional 1,683,408 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

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.