Blue Owl Capital’s (OWL) “Buy” Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of Blue Owl Capital (NYSE:OWL) in a report released on Thursday, MarketBeat Ratings reports. The brokerage currently has a $30.00 price target on the stock.

Other research analysts have also issued reports about the stock. Piper Sandler raised their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Oppenheimer upped their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company reduced their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price target for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $25.85.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $26.06 on Thursday. The stock has a market cap of $38.91 billion, a price-to-earnings ratio of 153.27, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. Blue Owl Capital has a one year low of $15.18 and a one year high of $26.13. The business’s 50-day simple moving average is $23.70 and its 200 day simple moving average is $20.86.

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

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 2.76%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently bought and sold shares of OWL. ORG Wealth Partners LLC bought a new position in Blue Owl Capital in the 3rd quarter worth about $32,000. Versant Capital Management Inc grew its holdings in Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after buying an additional 1,110 shares in the last quarter. Blue Trust Inc. increased its position in Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock valued at $47,000 after acquiring an additional 1,310 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Blue Owl Capital during the 3rd quarter valued at $138,000. Finally, Signaturefd LLC boosted its position in Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after acquiring an additional 1,476 shares during the period. 35.85% of the stock is currently 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.