Blue Owl Capital Inc. (OWL) to Issue Quarterly Dividend of $0.18 on February 28th

Blue Owl Capital Inc. (NYSE:OWL) declared 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 3.06%. The ex-dividend date is Wednesday, February 19th.

Blue Owl Capital has raised its dividend by an average of 73.6% per year over the last three years. Blue Owl Capital has a dividend payout ratio of 66.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Blue Owl Capital to earn $0.92 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 78.3%.

Blue Owl Capital Price Performance

Shares of OWL opened at $23.56 on Friday. The company’s 50-day moving average is $24.05 and its 200-day moving average is $21.42. The firm has a market capitalization of $35.19 billion, a PE ratio of 138.60, a PEG ratio of 1.41 and a beta of 1.15. Blue Owl Capital has a fifty-two week low of $15.18 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. Analysts predict that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on OWL. UBS Group upped their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Citigroup restated a “buy” rating and issued a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. 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, November 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.