Blue Owl Capital (NYSE:OWL) Raised to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of Blue Owl Capital (NYSE:OWL) to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Several other research firms also recently weighed in on OWL. Oppenheimer lifted their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Evercore ISI boosted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Piper Sandler boosted their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 2nd. Barclays boosted their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $23.56.

Blue Owl Capital Trading Up 1.2%

OWL opened at $16.25 on Thursday. Blue Owl Capital has a 1-year low of $14.55 and a 1-year high of $26.73. The company has a market cap of $25.17 billion, a P/E ratio of 180.52, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The company has a fifty day moving average price of $18.58 and a two-hundred day moving average price of $18.80.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 31st. 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 2.88% and a return on equity of 19.64%. The firm had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. On average, 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 Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital’s dividend payout ratio is presently 1,000.00%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently added to or reduced their stakes in OWL. Wealth Enhancement Advisory Services LLC bought a new stake in Blue Owl Capital in the 4th quarter worth about $235,000. GAMMA Investing LLC grew its position in Blue Owl Capital by 2,911.9% in the 1st quarter. GAMMA Investing LLC now owns 20,240 shares of the company’s stock worth $406,000 after purchasing an additional 19,568 shares in the last quarter. Parallel Advisors LLC grew its position in Blue Owl Capital by 21.9% in the 1st quarter. Parallel Advisors LLC now owns 6,468 shares of the company’s stock worth $130,000 after purchasing an additional 1,161 shares in the last quarter. Rhumbline Advisers grew its position in Blue Owl Capital by 0.9% in the 1st quarter. Rhumbline Advisers now owns 604,635 shares of the company’s stock worth $12,117,000 after purchasing an additional 5,298 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV grew its position in Blue Owl Capital by 7.2% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 177,260 shares of the company’s stock worth $3,552,000 after purchasing an additional 11,877 shares in the last quarter. 35.85% of the stock is 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.