Blue Owl Capital Inc. (NYSE:OWL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL – Get Rating) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.78.

Several research firms recently commented on OWL. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating in a report on Friday, May 5th. Piper Sandler lowered their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 4th. Citigroup began coverage on shares of Blue Owl Capital in a research note on Thursday, May 18th. They issued a “buy” rating and a $14.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of 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 target price on shares of Blue Owl Capital from $15.00 to $14.00 in a research note on Monday, May 8th.

Blue Owl Capital Trading Down 1.7 %

OWL opened at $9.96 on Thursday. The company has a 50 day moving average of $10.64 and a 200 day moving average of $11.43. The company has a market cap of $14.02 billion, a PE ratio of 498.25, a price-to-earnings-growth ratio of 0.66 and a beta of 1.25. Blue Owl Capital has a 12 month low of $8.06 and a 12 month high of $14.04.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Friday, May 19th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, May 18th. This represents a $0.56 annualized dividend and a dividend yield of 5.62%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.13. Blue Owl Capital’s dividend payout ratio (DPR) is 2,801.40%.

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC raised its position in shares of Blue Owl Capital by 3.2% during the 3rd quarter. MetLife Investment Management LLC now owns 25,791 shares of the company’s stock valued at $238,000 after buying an additional 808 shares in the last quarter. AQR Capital Management LLC raised its position in Blue Owl Capital by 5.1% in the 4th quarter. AQR Capital Management LLC now owns 16,987 shares of the company’s stock worth $180,000 after purchasing an additional 831 shares during the period. Utah Retirement Systems raised its position in Blue Owl Capital by 4.7% in the 4th quarter. Utah Retirement Systems now owns 22,300 shares of the company’s stock worth $236,000 after purchasing an additional 1,000 shares during the period. Corton Capital Inc. raised its position in Blue Owl Capital by 4.6% in the 1st quarter. Corton Capital Inc. now owns 31,820 shares of the company’s stock worth $353,000 after purchasing an additional 1,413 shares during the period. Finally, Amalgamated Bank raised its position in Blue Owl Capital by 3.5% in the 3rd quarter. Amalgamated Bank now owns 45,849 shares of the company’s stock worth $423,000 after purchasing an additional 1,565 shares during the period. Hedge funds and other institutional investors own 29.68% of the company’s stock.

Blue Owl Capital Company Profile

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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.