Blue Owl Capital Inc. (NYSE:OWL) Plans Dividend Increase – $0.18 Per Share

Blue Owl Capital Inc. (NYSE:OWL) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Tuesday, May 21st will be given a dividend of 0.18 per share on Thursday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Monday, May 20th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14.

Blue Owl Capital has a payout ratio of 54.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Blue Owl Capital to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 53.3%.

Blue Owl Capital Trading Down 0.9 %

NYSE OWL traded down $0.16 during trading hours on Friday, reaching $17.95. 6,892,893 shares of the company traded hands, compared to its average volume of 4,437,258. The company has a 50 day moving average of $18.33 and a two-hundred day moving average of $15.84. The stock has a market capitalization of $25.64 billion, a PE ratio of 179.47, a PEG ratio of 1.21 and a beta of 1.24. Blue Owl Capital has a 12 month low of $9.70 and a 12 month high of $19.87.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $494.04 million for the quarter, compared to analysts’ expectations of $438.77 million. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. During the same period last year, the business posted $0.15 earnings per share. On average, equities research analysts anticipate that Blue Owl Capital will post 0.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OWL shares. Evercore ISI boosted their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. UBS Group raised Blue Owl Capital from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research report on Thursday, April 4th. Finally, Piper Sandler boosted their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.89.

Blue Owl Capital Company Profile

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.