Truist Cuts Blue Owl Technology Finance Corp. (OTF) Price Target to $16 from $17

On February 23, Truist lowered its terms people connected Blue Owl Technology Finance Corp. (NYSE:OTF) to $16 from $17 and maintained a Buy standing pursuing Q4 results. The steadfast updated its exemplary to bespeak higher top-line expectations and accrued expenses, noting that leverage roseate faster than anticipated. The humble diminution successful estimates chiefly reflects higher assumed indebtedness costs and little different income projections. The aforesaid day, Keefe Bruyette lowered its terms people to $13 from $16 and maintained a Market Perform rating.

Blue Owl Technology Finance Corp. (NYSE:OTF) completed its NYSE listing successful June 2025, becoming the largest publically traded technology-focused BDC by full assets. The committee declared a $0.35 regular quarterly dividend and 5 peculiar dividends of $0.05 per share, supported by $0.40 of pre-listing spillover income. On February 18, the institution reported Q4 adjusted nett concern income of $0.30 per stock and adjusted nett income of $0.47 per share, generating an adjusted nett income ROE of astir 10.9%. GAAP results included $0.03 per stock of accrued superior gains inducement fees. NAV per stock accrued to $17.33, up $0.06 4th implicit quarter, and NAV has grown astir 16% since inception, with a 35 ground constituent summation successful the astir caller quarter.

Founded successful 2018 and headquartered successful New York City, Blue Owl Technology Finance Corp. (NYSE:OTF) is simply a specialty concern institution and concern improvement institution focused connected providing indebtedness and equity superior to U.S. technology-related businesses, peculiarly wrong the bundle sector.

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