Blue Owl Capital Inc. (NYSE:OWL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Blue Owl Capital Inc. (NYSE:OWL) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $26.33.

A number of brokerages recently issued reports on OWL. Citigroup restated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a report on Thursday, March 27th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. FMR LLC boosted its stake in Blue Owl Capital by 28.1% during the 4th quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after acquiring an additional 9,917,071 shares during the last quarter. Capital World Investors grew its stake in Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock worth $1,794,943,000 after purchasing an additional 9,794,102 shares in the last quarter. Cresset Asset Management LLC grew its stake in Blue Owl Capital by 4,278.0% in the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock worth $140,794,000 after purchasing an additional 5,914,804 shares in the last quarter. Norges Bank bought a new stake in Blue Owl Capital in the fourth quarter valued at about $137,118,000. Finally, Vanguard Group Inc. raised its stake in Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after buying an additional 5,558,868 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $15.87 on Friday. Blue Owl Capital has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The stock has a fifty day moving average of $21.82 and a two-hundred day moving average of $22.40. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 93.38, a PEG ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, analysts forecast that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.54%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

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.