Blue Owl Capital (NYSE:OWL) Issues Earnings Results

Blue Owl Capital (NYSE:OWL - Get Free Report) posted its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21, Zacks reports. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%.

Blue Owl Capital Trading Up 0.7 %

Shares of Blue Owl Capital stock traded up $0.16 on Monday, reaching $23.72. 5,882,890 shares of the company were exchanged, compared to its average volume of 6,598,261. Blue Owl Capital has a one year low of $15.18 and a one year high of $26.73. The company has a market capitalization of $35.43 billion, a price-to-earnings ratio of 139.56, a PEG ratio of 1.34 and a beta of 1.15. The company has a 50-day moving average of $24.06 and a 200 day moving average of $21.47.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is currently 423.55%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OWL. Keefe, Bruyette & Woods boosted their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Citigroup reiterated a "buy" rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Finally, Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Four 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 stock presently has an average rating of "Moderate Buy" and a consensus 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.