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

Blue Owl Capital Inc. (NYSE:OWL) declared a quarterly dividend on Thursday, February 6th,NASDAQ Dividends reports. Shareholders of record on Wednesday, February 19th will be paid a dividend of 0.18 per share on Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a 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

Shares of NYSE:OWL opened at $24.71 on Friday. Blue Owl Capital has a 12 month low of $15.18 and a 12 month high of $26.73. The firm has a market capitalization of $36.91 billion, a price-to-earnings ratio of 145.39, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. The business’s 50 day simple moving average is $24.05 and its 200-day simple moving average is $21.39.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. On average, equities analysts anticipate that Blue Owl Capital will post 0.78 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup reaffirmed a “buy” rating and issued a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Evercore ISI increased their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Piper Sandler boosted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Finally, TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $25.85.

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.