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

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 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, February 19th.

Blue Owl Capital has increased its dividend by an average of 73.6% annually over the last three years. Blue Owl Capital has a dividend payout ratio of 66.1% meaning its dividend is sufficiently covered by earnings. Equities 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

OWL stock opened at $23.56 on Friday. The stock has a market cap of $35.19 billion, a price-to-earnings ratio of 138.60, a P/E/G ratio of 1.41 and a beta of 1.15. The company has a 50 day simple moving average of $24.05 and a 200 day simple moving average of $21.42. Blue Owl Capital has a 1 year low of $15.18 and a 1 year high of $26.73.

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 the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. On average, equities research analysts anticipate that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OWL has been the subject of several research reports. 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 research report on Friday, January 17th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday. Keefe, Bruyette & Woods lifted their target price on shares of 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. UBS Group upped their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Four investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.27.

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.