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

Blue Owl Capital (NYSE:OWL) issued its quarterly earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20, Zacks reports. The firm had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 20.61% and a net margin of 4.95%. During the same quarter last year, the company posted $0.16 EPS.

Blue Owl Capital Trading Down 4.1 %

Blue Owl Capital stock traded down $0.91 during mid-day trading on Friday, hitting $21.45. The company had a trading volume of 9,159,480 shares, compared to its average volume of 5,858,687. Blue Owl Capital has a 12 month low of $12.24 and a 12 month high of $24.17. The company has a market capitalization of $31.39 billion, a PE ratio of 126.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The stock’s 50 day moving average price is $19.81 and its two-hundred day moving average price is $18.68.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s payout ratio is 423.55%.

Analyst Ratings Changes

Several research firms have recently weighed in on OWL. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI increased their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. JMP Securities boosted their target price on Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four equities research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $22.15.

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.