Blue Owl Capital Inc. (NYSE:OWL) Shares Will Pay Quarterly Dividend of $0.23

Blue Owl Capital Inc. (NYSE:OWL) announced a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.23 per share on Monday, November 23rd. This represents a $0.92 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Tuesday, November 10th.

Blue Owl Capital has a dividend payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Blue Owl Capital to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 93.9%.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.70 during mid-day trading on Thursday, reaching $10.37. 38,053,847 shares of the company traded hands, compared to its average volume of 24,668,350. The firm’s 50 day moving average price is $10.13 and its 200 day moving average price is $10.42. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 86.39, a P/E/G ratio of 1.14 and a beta of 1.35. Blue Owl Capital has a 52-week low of $7.95 and a 52-week high of $17.00.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 29th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The firm had revenue of $752.60 million for the quarter, compared to the consensus estimate of $698.10 million. On average, sell-side analysts anticipate that Blue Owl Capital will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OWL. Barclays boosted their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. Piper Sandler reduced their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Finally, BMO Capital Markets dropped their price objective on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.27.

About Blue Owl Capital

Blue Owl Capital Inc (NYSE: OWL) is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.