Blue Owl Capital (NYSE:OWL) Releases Quarterly Earnings Results

Blue Owl Capital (NYSE:OWL) released its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21, Zacks reports. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.24 during midday trading on Thursday, reaching $24.71. 7,083,988 shares of the company’s stock were exchanged, compared to its average volume of 6,475,481. The stock’s 50-day simple moving average is $24.03 and its 200 day simple moving average is $21.37. The firm has a market cap of $36.91 billion, a price-to-earnings ratio of 145.39, a P/E/G ratio of 1.41 and a beta of 1.15. Blue Owl Capital has a 52 week low of $15.18 and a 52 week high of $26.73.

Analysts Set New Price Targets

Several brokerages have commented on OWL. Piper Sandler raised their target price 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. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, JMP Securities reaffirmed 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 issued a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.85.

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.