Piper Sandler Cuts Blue Owl Capital (NYSE:OWL) Price Target to $21.00

Blue Owl Capital (NYSE:OWL) had its price objective decreased by Piper Sandler from $27.00 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on OWL. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Evercore ISI upped their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.10.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $17.21 on Tuesday. The company has a market cap of $26.46 billion, a price-to-earnings ratio of 101.21, a P/E/G ratio of 1.23 and a beta of 1.20. The firm has a 50-day moving average of $20.78 and a 200-day moving average of $22.30. Blue Owl Capital has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, sell-side analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 4.18%. Blue Owl Capital’s payout ratio is currently 423.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OWL. Global Retirement Partners LLC lifted its holdings in shares of Blue Owl Capital by 1.6% during the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock worth $593,000 after buying an additional 413 shares in the last quarter. Dynasty Wealth Management LLC increased its position in Blue Owl Capital by 0.5% during the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock worth $1,828,000 after acquiring an additional 417 shares during the period. Allworth Financial LP raised 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 worth $36,000 after purchasing an additional 428 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in 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 purchasing an additional 443 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after purchasing an additional 450 shares in the last quarter. 35.85% of the stock is 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.