Blue Owl Capital (NYSE:OWL) Price Target Cut to $20.00 by Analysts at Barclays

Blue Owl Capital (NYSE:OWL) had its target price trimmed by Barclays from $29.00 to $20.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on OWL. JMP Securities reissued a “market outperform” rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Citigroup reissued a “buy” rating and issued a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Piper Sandler increased their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.10.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $18.17 on Monday. The stock’s fifty day moving average price is $20.94 and its two-hundred day moving average price is $22.31. Blue Owl Capital has a 52-week low of $14.55 and a 52-week high of $26.73. The company has a market cap of $27.94 billion, a price-to-earnings ratio of 106.89, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently added to or reduced their stakes in OWL. The Manufacturers Life Insurance Company increased its holdings in Blue Owl Capital by 14.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,277 shares of the company’s stock worth $2,212,000 after purchasing an additional 14,411 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Blue Owl Capital by 93.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 22,230 shares of the company’s stock worth $430,000 after purchasing an additional 10,721 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Blue Owl Capital by 13.6% in the 3rd quarter. Quantinno Capital Management LP now owns 59,261 shares of the company’s stock valued at $1,147,000 after acquiring an additional 7,112 shares in the last quarter. State Street Corp grew its holdings in shares of Blue Owl Capital by 5.6% in the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after acquiring an additional 449,066 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

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.