Piper Sandler Issues Positive Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective increased by Piper Sandler from $25.00 to $27.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods upped their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. UBS Group upped their price objective 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. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. JMP Securities restated a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Finally, Evercore ISI upped their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $23.73.

Blue Owl Capital Trading Up 1.8 %

OWL opened at $24.07 on Monday. The company has a fifty day moving average price of $23.36 and a two-hundred day moving average price of $20.00. Blue Owl Capital has a 1-year low of $14.37 and a 1-year high of $25.03. The company has a market cap of $35.95 billion, a P/E ratio of 141.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its 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 previous year, the company posted $0.16 EPS. On average, research analysts forecast that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.99%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is 423.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in shares of Blue Owl Capital by 12.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company’s stock worth $54,573,000 after purchasing an additional 311,385 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Blue Owl Capital in the third quarter valued at $138,000. Sanctuary Advisors LLC lifted its position in shares of Blue Owl Capital by 37.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 75,869 shares of the company’s stock valued at $1,469,000 after buying an additional 20,774 shares during the last quarter. Hohimer Wealth Management LLC grew its stake in shares of Blue Owl Capital by 4.3% during the 3rd quarter. Hohimer Wealth Management LLC now owns 40,066 shares of the company’s stock worth $776,000 after acquiring an additional 1,656 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in shares of Blue Owl Capital by 149.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 32,430 shares of the company’s stock worth $628,000 after acquiring an additional 19,434 shares during the period. 35.85% of the stock is owned by institutional investors.

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.