Blue Owl Capital (NYSE:OWL) Announces Earnings Results, Hits Estimates

Blue Owl Capital (NYSE:OWL - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20, Zacks reports. The business had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 20.61%. During the same quarter last year, the company posted $0.16 earnings per share.

Blue Owl Capital Trading Down 4.1 %

OWL traded down $0.91 on Friday, reaching $21.45. The stock had a trading volume of 9,159,480 shares, compared to its average volume of 5,858,687. Blue Owl Capital has a 12-month low of $12.24 and a 12-month high of $24.17. The business's 50-day moving average price is $19.81 and its two-hundred day moving average price is $18.68. The company has a market cap of $31.39 billion, a P/E ratio of 126.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. Blue Owl Capital's payout ratio is 423.55%.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Oppenheimer raised their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Piper Sandler raised their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.