Citigroup Initiates Coverage on Blue Owl Capital (NYSE:OWL)

Citigroup began coverage on shares of Blue Owl Capital (NYSE:OWL – Get Rating) in a report issued on Thursday, The Fly reports. The firm set a “buy” rating and a $14.00 price target on the stock. Citigroup’s target price suggests a potential upside of 39.03% from the company’s current price.

A number of other brokerages have also recently weighed in on OWL. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating in a research note on Friday, May 5th. JMP Securities lifted their price target on Blue Owl Capital from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Tuesday, February 14th. Piper Sandler cut their price objective on Blue Owl Capital from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, April 4th. The Goldman Sachs Group lifted their price target on Blue Owl Capital from $15.00 to $16.75 and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Blue Owl Capital from $15.00 to $14.00 in a research note on Monday, May 8th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.78.

Blue Owl Capital Trading Up 0.7 %

OWL opened at $10.07 on Thursday. Blue Owl Capital has a 12-month low of $8.06 and a 12-month high of $14.04. The business’s fifty day simple moving average is $10.65 and its 200-day simple moving average is $11.41. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 503.75, a PEG ratio of 0.66 and a beta of 1.25.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently modified their holdings of OWL. Price T Rowe Associates Inc. MD increased its holdings in Blue Owl Capital by 7,735.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,366,944 shares of the company’s stock worth $53,830,000 after purchasing an additional 5,298,444 shares during the period. State Street Corp lifted its position in Blue Owl Capital by 212.9% during the 2nd quarter. State Street Corp now owns 5,110,788 shares of the company’s stock worth $51,261,000 after acquiring an additional 3,477,322 shares during the period. Bain Capital Public Equity Management II LLC purchased a new position in shares of Blue Owl Capital during the 3rd quarter worth approximately $25,461,000. Clearbridge Investments LLC purchased a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $31,838,000. Finally, 1832 Asset Management L.P. purchased a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $30,113,000. Hedge funds and other institutional investors own 29.68% of the company’s stock.

About Blue Owl Capital

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Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.