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

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Monday, November 11th will be given a dividend of 0.18 per share on Friday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Monday, November 11th.

Blue Owl Capital has a payout ratio of 75.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Blue Owl Capital to earn $0.95 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 75.8%.

Blue Owl Capital Stock Performance

NYSE OWL traded down $0.87 during trading on Friday, hitting $21.49. 5,874,845 shares of the company's stock traded hands, compared to its average volume of 5,320,805. Blue Owl Capital has a 12-month low of $12.24 and a 12-month high of $24.17. The stock has a market capitalization of $31.45 billion, a price-to-earnings ratio of 135.57, a PEG ratio of 1.49 and a beta of 1.18. The business has a 50 day moving average of $19.72 and a 200-day moving average of $18.66.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The company had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same period last year, the business earned $0.16 earnings per share. On average, analysts expect that Blue Owl Capital will post 0.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group boosted their price target 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. TD Cowen reaffirmed a "hold" rating and set a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.15.

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.