Blue Owl Capital (NYSE:OWL) Releases Quarterly Earnings Results, Meets Expectations

Blue Owl Capital (NYSE:OWL) released its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21, Zacks reports. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%.

Blue Owl Capital Stock Down 3.4 %

NYSE OWL traded down $0.85 during trading on Friday, hitting $23.93. The company’s stock had a trading volume of 4,227,402 shares, compared to its average volume of 6,451,679. Blue Owl Capital has a 52 week low of $15.18 and a 52 week high of $26.73. The firm has a market cap of $35.73 billion, a P/E ratio of 140.53, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. The firm has a 50 day moving average price of $24.05 and a 200 day moving average price of $21.39.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.01%. Blue Owl Capital’s payout ratio is 423.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OWL shares. Citigroup reaffirmed a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. UBS Group lifted their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Oppenheimer increased their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average 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.