Blue Owl Capital (NYSE:OWL) Reaches New 52-Week High – Here’s Why

Blue Owl Capital Inc. (NYSE:OWL)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.24 and last traded at $24.23, with a volume of 2011173 shares changing hands. The stock had previously closed at $23.47.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OWL. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Oppenheimer upped their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Piper Sandler increased their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. UBS Group raised their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities upped their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.31.

Blue Owl Capital Stock Performance

The business has a 50 day moving average of $21.55 and a two-hundred day moving average of $19.14. The stock has a market capitalization of $36.67 billion, a PE ratio of 144.42, a PEG ratio of 1.57 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the previous year, the business earned $0.16 EPS. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.93%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is currently 423.55%.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after buying an additional 8,138,475 shares in the last quarter. State Street Corp boosted its stake in shares of Blue Owl Capital by 5.6% in the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after acquiring an additional 449,066 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after purchasing an additional 1,016,505 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after purchasing an additional 293,221 shares in the last quarter. Finally, Stone Point Capital LLC purchased a new position in Blue Owl Capital in the 2nd quarter valued at $112,749,000. Institutional investors and hedge funds 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.