Blue Owl Capital (NYSE:OWL) Given New $24.00 Price Target at Deutsche Bank Aktiengesellschaft

Blue Owl Capital (NYSE:OWL) had its price objective upped by Deutsche Bank Aktiengesellschaft from $23.00 to $24.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on OWL. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. JMP Securities upped their price target on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. UBS Group upped their target price 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. Finally, TD Cowen reiterated a “hold” rating and issued a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.15.

Blue Owl Capital Price Performance

Shares of OWL traded down $0.91 on Friday, hitting $21.45. The company’s stock had a trading volume of 9,159,480 shares, compared to its average volume of 5,336,298. The company has a 50 day moving average price of $19.81 and a 200 day moving average price of $18.68. Blue Owl Capital has a fifty-two week low of $12.24 and a fifty-two week high of $24.17. The company has a market capitalization of $31.39 billion, a PE ratio of 134.07, a PEG ratio of 1.49 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The business had revenue of $549.85 million for the quarter, compared to the consensus estimate of $507.22 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. On average, equities analysts forecast that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.36%. Blue Owl Capital’s dividend payout ratio is currently 450.03%.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors grew its holdings in shares of Blue Owl Capital by 0.3% during the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock worth $1,194,576,000 after purchasing an additional 163,377 shares during the period. Vanguard Group Inc. boosted its stake in Blue Owl Capital by 0.6% during the first quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock valued at $768,199,000 after buying an additional 250,977 shares in the last quarter. Capital International Investors boosted its stake in Blue Owl Capital by 0.3% during the first quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock valued at $627,754,000 after buying an additional 107,321 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Blue Owl Capital by 11.9% during the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock valued at $198,268,000 after purchasing an additional 1,121,064 shares during the last quarter. Finally, Stone Point Capital LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at $112,749,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.