Blue Owl Capital (NYSE:OWL) Price Target Cut to $17.00 by Analysts at Oppenheimer

Blue Owl Capital (NYSE:OWL) had its price target decreased by Oppenheimer from $24.00 to $17.00 in a report released on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, January 21st. Citigroup reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft downgraded shares of Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price objective for the stock from $15.00 to $10.00 in a research report on Tuesday, February 24th. UBS Group lowered their target price on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Finally, The Goldman Sachs Group dropped their price target on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $10.33 on Wednesday. Blue Owl Capital has a one year low of $9.73 and a one year high of $21.88. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 103.31, a PEG ratio of 0.85 and a beta of 1.15. The company has a 50-day simple moving average of $13.63 and a 200-day simple moving average of $15.56.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%. As a group, research analysts forecast that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 annualized dividend and a yield of 8.7%. Blue Owl Capital’s payout ratio is currently 900.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Partners Group Holding AG increased its stake in shares of Blue Owl Capital by 8.3% during the 3rd quarter. Partners Group Holding AG now owns 1,940,155 shares of the company’s stock worth $32,847,000 after purchasing an additional 149,292 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Blue Owl Capital by 185.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 136,956 shares of the company’s stock valued at $2,319,000 after buying an additional 88,935 shares during the last quarter. Truist Financial Corp increased its position in Blue Owl Capital by 7.8% during the third quarter. Truist Financial Corp now owns 1,062,214 shares of the company’s stock worth $17,983,000 after buying an additional 76,942 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Blue Owl Capital in the third quarter worth $3,135,000. Finally, Commons Capital LLC purchased a new stake in shares of Blue Owl Capital in the third quarter valued at $2,071,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.