Blue Owl Capital (NYSE:OWL) Announces Quarterly Earnings Results

Blue Owl Capital (NYSE:OWL - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates 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 Stock Performance

Shares of NYSE OWL traded up $0.16 during trading hours on Monday, hitting $23.72. The company's stock had a trading volume of 5,882,890 shares, compared to its average volume of 6,598,261. 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 has a 12 month low of $15.18 and a 12 month high of $26.73. The business has a 50-day simple moving average of $24.06 and a 200-day simple moving average of $21.47.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.04%. Blue Owl Capital's payout ratio is presently 423.55%.

Analysts Set New Price Targets

OWL has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price target 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 restated a "buy" rating and set a $30.00 price target on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Evercore ISI raised their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and lowered their price target for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.27.

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.