Blue Owl Capital Inc. (NYSE:OWL) Announces Quarterly Dividend of $0.23

Blue Owl Capital Inc. (NYSE:OWL) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.23 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Thursday, August 13th.

Blue Owl Capital has a dividend payout ratio of 87.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Blue Owl Capital to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 92.9%.

Blue Owl Capital Trading Up 6.3%

Shares of OWL traded up $0.60 during trading hours on Thursday, hitting $10.15. The company had a trading volume of 40,924,362 shares, compared to its average volume of 26,692,301. The company has a market capitalization of $15.78 billion, a PE ratio of 84.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.22. Blue Owl Capital has a one year low of $7.95 and a one year high of $20.58. The company’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $10.43.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. Analysts forecast that Blue Owl Capital will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

OWL has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. JPMorgan Chase & Co. decreased their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Oppenheimer decreased their price objective on Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Finally, UBS Group reissued a “neutral” rating and issued a $9.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.16.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.