Blue Owl Capital (NYSE:OWL) Price Target Raised to $28.00

Blue Owl Capital (NYSE:OWL) had its price objective lifted by Oppenheimer from $24.00 to $28.00 in a report published on Thursday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Piper Sandler boosted their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group boosted their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.98.

Blue Owl Capital Stock Performance

Shares of OWL opened at $24.37 on Thursday. The firm has a market capitalization of $36.40 billion, a P/E ratio of 143.35, a P/E/G ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a 52 week low of $13.61 and a 52 week high of $25.03. The stock has a 50 day moving average price of $22.96 and a two-hundred day moving average price of $19.67.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period in the prior year, the firm posted $0.16 EPS. On average, equities analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. Blue Owl Capital’s payout ratio is 423.53%.

Hedge Funds Weigh In On Blue Owl Capital

Large investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. State Street Corp increased its position in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after buying an additional 449,066 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after buying an additional 1,016,505 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after purchasing an additional 293,221 shares in the last quarter. Finally, Stone Point Capital LLC purchased a new stake in shares of Blue Owl Capital in the second quarter worth $112,749,000. 35.85% of the stock is owned by institutional investors.

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.