Blue Owl Capital Inc. (OWL) To Go Ex-Dividend on November 10th

Blue Owl Capital Inc. (NYSE:OWL) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.23 per share on Monday, November 23rd. This represents a $0.92 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, November 10th.

Blue Owl Capital has a payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Blue Owl Capital to earn $0.98 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 93.9%.

Blue Owl Capital Stock Down 0.7%

OWL opened at $9.82 on Friday. The stock has a fifty day moving average of $9.93 and a 200-day moving average of $10.23. The firm has a market capitalization of $15.31 billion, a P/E ratio of 70.17, a PEG ratio of 1.10 and a beta of 1.31. Blue Owl Capital has a 12-month low of $7.95 and a 12-month high of $17.00.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Blue Owl Capital had a return on equity of 24.70% and a net margin of 3.08%. The business had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $698.10 million. On average, analysts expect that Blue Owl Capital will post 0.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on OWL. Oppenheimer increased their price objective on Blue Owl Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. TD Cowen lifted their target price on Blue Owl Capital from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Capital One Financial set a $12.00 target price on Blue Owl Capital in a report on Monday, August 3rd. Piper Sandler increased their price target on shares of Blue Owl Capital from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Finally, Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.89.

Blue Owl Capital Company Profile

Blue Owl Capital Inc is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets.

Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.

Blue Owl was formed in 2021 through the combination of Owl Rock Capital Group and Dyal Capital Partners.