Blue Owl Capital (NYSE:OWL) Upgraded to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital (NYSE:OWL) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat.com reports. Keefe, Bruyette & Woods currently has $23.00 target price on the stock, up from their previous target price of $20.00.

Several other brokerages also recently commented on OWL. Barclays reduced their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Citigroup decreased their target price on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Cfra Research upgraded Blue Owl Capital to a “moderate buy” rating in a report on Thursday, March 27th. Wells Fargo & Company increased their price objective on Blue Owl Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Finally, Piper Sandler decreased their price objective on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.33.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $19.08 on Tuesday. Blue Owl Capital has a 1 year low of $14.55 and a 1 year high of $26.73. The firm has a market cap of $29.34 billion, a P/E ratio of 112.24, a PEG ratio of 1.23 and a beta of 1.21. The stock has a fifty day moving average price of $18.71 and a two-hundred day moving average price of $21.66.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The business had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. On average, research analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio (DPR) is presently 692.31%.

Institutional Trading of Blue Owl Capital

Hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. acquired a new position in shares of Blue Owl Capital during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its position in Blue Owl Capital by 380.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock valued at $27,000 after buying an additional 1,050 shares during the last quarter. Allworth Financial LP lifted its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Banque Transatlantique SA acquired a new position in Blue Owl Capital during the 1st quarter worth approximately $31,000. Finally, Jones Financial Companies Lllp boosted its position in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after acquiring an additional 1,315 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.