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

Blue Owl Capital (NYSE:OWL) issued its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21, Zacks reports. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%.

Blue Owl Capital Trading Down 4.9 %

Blue Owl Capital stock opened at $23.56 on Friday. The firm has a market capitalization of $35.19 billion, a P/E ratio of 138.60, a PEG ratio of 1.41 and a beta of 1.15. The business has a 50-day moving average of $24.05 and a 200-day moving average of $21.42. Blue Owl Capital has a 1 year low of $15.18 and a 1 year high of $26.73.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.06%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analyst Ratings Changes

A number of research analysts have recently commented on OWL shares. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Citigroup reiterated a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Piper Sandler increased their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.