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

Blue Owl Capital Inc. (NYSE:OWL) declared a quarterly dividend on Thursday, February 6th,NASDAQ Dividends reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.18 per share on Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, February 19th.

Blue Owl Capital has raised its dividend payment by an average of 73.6% annually over the last three years. Blue Owl Capital has a payout ratio of 66.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Blue Owl Capital to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 78.3%.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.24 during trading hours on Thursday, reaching $24.71. The company had a trading volume of 7,121,795 shares, compared to its average volume of 6,552,795. The firm has a market cap of $36.91 billion, a price-to-earnings ratio of 145.39, a P/E/G ratio of 1.41 and a beta of 1.15. Blue Owl Capital has a 12-month low of $15.18 and a 12-month high of $26.73. The company has a 50-day moving average price of $24.03 and a 200 day moving average price of $21.37.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. As a group, research analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OWL has been the topic of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. UBS Group increased their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Keefe, Bruyette & Woods increased their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, Piper Sandler lifted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $25.85.

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.