Blue Owl Capital (NYSE:OWL) Price Target Cut to $21.50 by Analysts at TD Cowen

Blue Owl Capital (NYSE:OWL) had its price objective decreased by TD Cowen from $23.00 to $21.50 in a research note published on Friday morning, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. JMP Securities restated a market outperform rating and issued a $24.00 target price on shares of Blue Owl Capital in a report on Tuesday, April 9th. Piper Sandler upped their price objective on Blue Owl Capital from $22.00 to $23.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. UBS Group raised Blue Owl Capital from a neutral rating to a buy rating and boosted their price target for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Evercore ISI boosted their target price on Blue Owl Capital from $18.00 to $22.00 and gave the stock an outperform rating in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a buy rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $19.89.

Blue Owl Capital Trading Down 0.9 %

Shares of NYSE:OWL traded down $0.16 on Friday, hitting $17.95. The company had a trading volume of 6,892,899 shares, compared to its average volume of 3,820,691. The company has a market cap of $25.65 billion, a PE ratio of 149.54, a PEG ratio of 1.17 and a beta of 1.24. The business has a 50 day moving average of $18.33 and a 200 day moving average of $15.87. Blue Owl Capital has a 52-week low of $9.70 and a 52-week high of $19.87.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a return on equity of 18.02% and a net margin of 3.84%. During the same period in the previous year, the firm posted $0.15 EPS. As a group, equities analysts predict that Blue Owl Capital will post 0.84 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.72 annualized dividend and a dividend yield of 4.01%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s payout ratio is presently 466.67%.

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in Blue Owl Capital during the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital during the 3rd quarter valued at approximately $27,000. Salem Investment Counselors Inc. lifted its stake in Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after purchasing an additional 1,159 shares during the last quarter. Clearstead Advisors LLC acquired a new position in Blue Owl Capital in the third quarter worth $49,000. Finally, Loomis Sayles & Co. L P increased its stake in Blue Owl Capital by 1,570.2% during the third quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock valued at $63,000 after purchasing an additional 4,585 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

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.