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

Blue Owl Capital Inc. (NYSE:OWL) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Wednesday, August 21st will be paid a dividend of 0.18 per share on Friday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, August 21st.

Blue Owl Capital has a dividend payout ratio of 72.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Blue Owl Capital to earn $1.00 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 72.0%.

Blue Owl Capital Stock Performance

Shares of OWL traded down $1.89 during mid-day trading on Thursday, hitting $17.18. 27,825,172 shares of the stock were exchanged, compared to its average volume of 5,335,425. The company has a market cap of $24.55 billion, a PE ratio of 143.17, a price-to-earnings-growth ratio of 1.20 and a beta of 1.18. Blue Owl Capital has a 52-week low of $10.64 and a 52-week high of $20.13. The firm has a 50-day moving average of $18.10 and a two-hundred day moving average of $17.88.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $486.55 million for the quarter, compared to analysts’ expectations of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. On average, sell-side analysts predict that Blue Owl Capital will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OWL shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $21.00 price target on shares of Blue Owl Capital in a report on Monday, June 10th. Citigroup restated a “buy” rating and set a $21.00 price target on shares of Blue Owl Capital in a report on Tuesday, May 14th. Piper Sandler decreased their price target on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Evercore ISI upped their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.81.

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.