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

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) announced a quarterly dividend on Thursday, February 6th,NASDAQ Dividends reports. Shareholders 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 yield of 3.04%. The ex-dividend date is Wednesday, February 19th.

Blue Owl Capital has raised its dividend by an average of 73.6% annually over the last three years. Blue Owl Capital has a payout ratio of 66.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Blue Owl Capital to earn $1.10 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 65.5%.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded up $0.16 during trading on Monday, reaching $23.72. The stock had a trading volume of 5,882,890 shares, compared to its average volume of 6,598,261. Blue Owl Capital has a 52 week low of $15.18 and a 52 week high of $26.73. The firm's fifty day moving average is $24.06 and its 200 day moving average is $21.47. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 139.56, a P/E/G ratio of 1.34 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, research analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OWL. Evercore ISI increased their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. UBS Group increased their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Oppenheimer lifted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Keefe, Bruyette & Woods increased 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 research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.