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

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

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.85 during midday trading on Friday, hitting $23.93. The stock had a trading volume of 4,227,402 shares, compared to its average volume of 6,451,679. Blue Owl Capital has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The firm has a market cap of $35.73 billion, a P/E ratio of 140.53, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. The company’s 50-day simple moving average is $24.05 and its 200 day simple moving average is $21.39.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be given 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 3.01%. Blue Owl Capital’s payout ratio is 423.55%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OWL. Deutsche Bank Aktiengesellschaft raised their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup restated a “buy” rating and issued a $30.00 target price 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 target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Four research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus 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.