Blue Owl Capital Inc. (NYSE:OWL) Announces Quarterly Dividend of $0.18

Blue Owl Capital Inc. (NYSE:OWL) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Tuesday, May 21st will be paid a dividend of 0.18 per share on Thursday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Monday, May 20th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14.

Blue Owl Capital has a payout ratio of 54.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Blue Owl Capital to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 53.3%.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $17.95 on Friday. The firm has a market cap of $25.64 billion, a P/E ratio of 179.47, a P/E/G ratio of 1.21 and a beta of 1.24. The business’s 50 day moving average price is $18.33 and its 200-day moving average price is $15.84. Blue Owl Capital has a fifty-two week low of $9.70 and a fifty-two week high of $19.87.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The business had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same period in the previous year, the firm earned $0.15 EPS. As a group, equities analysts predict that Blue Owl Capital will post 0.84 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. TD Cowen lowered their target price on Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating for the company in a research note on Friday. UBS Group upgraded shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $19.89.

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.