Blue Owl Capital (OWL) ‘neutral’ rating confirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. maintained its neutral recommendation for the company’s shares Blue Owl Capital (NYSE:OWL – Free Report) – according to Benzinga, in a research note published on Thursday. They currently have a price target of $18.50 for the stock.

OWL has been the subject of several other reports. JMP Securities reiterated their market perform rating and set a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. TD Cowen lowered their target price on Blue Owl Capital from $23.00 to $21.50 and issued a “buy” rating for the company in a research note on Friday, May 3rd. Evercore ISI raised their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an outperform rating in a research note on Thursday, April 4. In a report on Monday, Deutsche Bank Aktiengesellschaft confirmed a buy rating and set a target price for Blue Owl Capital shares at USD 21.00. Finally, Keefe, Bruyette & Woods reissued a market perform rating and set a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4. Three equity analysts rated the company’s shares with a hold rating, and nine issued a buy rating. Blue Owl Capital currently has a consensus rating of Buy on average and an average price target of $20.27, according to MarketBeat.com.

Get our latest analysis for Blue Owl Capital

Blue Owl’s capital turnover decreased by 1.8%

OWL stock opened Thursday at $17.32. Blue Owl Capital has a 12 month low of $10.64 and a 12 month high of $19.87. The company’s 50-day moving average is $18.46 and its two-hundred-day moving average is $16.93. The company’s market capitalization is $24.75 billion, P/E ratio is 144.33, P/E/G ratio is 1.02 and beta is 1.20.

Blue Owl Capital (NYSE:OWL – Get Free Report) last announced earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, $0.01 above analyst consensus estimates of $0.16. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. The company’s revenue for the quarter was $486.55 million, compared to analyst estimates of $478.47 million. On average, analysts expect Blue Owl Capital to report earnings per share of 0.82 for the current fiscal year.

Blue Owl Capital increases dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30. On Tuesday, May 21, shareholders of record received a dividend of $0.18 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. The dividend payment date was Monday, May 20. This translates into an annual dividend of $0.72 and a yield of 4.16%. Blue Owl Capital’s Dividend Payout Ratio (DPR) is 600.00%.

Hedge funds are counting on Blue Owl’s capital

Several large investors have recently modified their stake in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $26,000. Transcendent Capital Group LLC acquired a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital during the third quarter worth approximately $27,000. Salem Investment Counselors Inc. increased its position in shares of Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after purchasing an additional 1,159 shares during the period. Finally, Clearstead Advisors LLC acquired a new position in shares of Blue Owl Capital during the third quarter worth approximately $49,000. Institutional investors and hedge funds hold 35.85% of the company’s shares.

Blue Owl capital company profile

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Blue Owl Capital Inc operates as an asset manager in the United States. The company offers fixed capital base solutions, which enables it to offer a comprehensive capital solutions framework for mid-market companies, large alternative asset managers and corporate real estate owners and occupiers. It also provides direct lending products that offer private lending products including diversified, technology, lien and opportunistic loans to mid-market businesses; liquid loan; GP Strategic Capital Products, which offer capital solutions including GP Minority Equity, GP Debt Financing and Professional Sports Minority Equity; and real estate products that focus on the acquisition of triple net lease properties by investment grade or creditworthy tenants.

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