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

Blue Owl Capital (NYSE:OWL) released its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22, FiscalAI reports. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The company had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million.

Here are the key takeaways from Blue Owl Capital’s conference call:

• Second-quarter distributable earnings grew 9% year over year, while fee-related earnings reached $0.25 per share and distributable earnings $0.22 per share. Management reaffirmed its expectation to exceed 2026 consensus estimates of $1.02 FRE per share and $0.89 DE per share.
• Blue Owl raised $7.8 billion during the quarter and $50.5 billion over the last 12 months, with institutional and insurance investors accounting for roughly three-quarters of second-quarter equity fundraising. The company also cited $31 billion of AUM not yet paying fees, representing approximately $380 million of expected annual management fees as capital is deployed.
• Real assets continued to be the fastest-growing platform, with AUM up 25% and revenue up 27% year over year; net lease fundraising exceeded its $7.5 billion hard cap, while digital infrastructure expanded to more than 140 data centers and 15.3 gigawatts of capacity.
• Investment performance and credit health remained strong, including a 12-basis-point average annual realized loss rate in direct lending and strong returns from alternative credit, net lease, and non-traded real estate products. Management said redemptions at non-traded BDCs declined in the second quarter and evergreen inflows improved in the July 1 close.
• Direct-lending deployment remained roughly net zero amid moderate sponsor-led M&A activity, and management cautioned that wealth-channel recovery is unlikely to be V-shaped. Executives also acknowledged the possibility of normalization from unusually low credit losses, although they reported no meaningful deterioration in watch lists.

Blue Owl Capital Stock Up 6.3%

Shares of OWL stock traded up $0.60 during mid-day trading on Thursday, hitting $10.15. 40,924,362 shares of the company’s stock were exchanged, compared to its average volume of 14,634,301. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 84.58, a PEG ratio of 1.03 and a beta of 1.22. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $20.58. The stock has a 50-day simple moving average of $9.50 and a two-hundred day simple moving average of $10.39.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 annualized dividend and a dividend yield of 9.1%. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Analyst Ratings Changes

A number of analysts recently commented on OWL shares. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Piper Sandler reduced their target price on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. BMO Capital Markets reduced their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, TD Cowen reiterated a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.16.

More Blue Owl Capital News

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Blue Owl reported second-quarter earnings of $0.22 per share, in line with estimates and up from $0.21 a year earlier. Revenue of $693.6 million was slightly above consensus, supporting the stock’s upward move. Blue Owl Capital Inc. Second Quarter 2026 Results
• Positive Sentiment: The company declared a quarterly dividend of $0.23 per share, payable August 27 to shareholders of record August 13. The annualized payout implies a yield of approximately 9.1%, which may attract income-focused investors. Blue Owl Capital Dividend and Earnings
• Positive Sentiment: Blue Owl emphasized growth across multiple strategies and geographies. Real assets fundraising exceeded credit fundraising in the quarter, while withdrawals from lending vehicles eased, suggesting progress in reducing reliance on private credit. Blue Owl Leans Into Real Assets
• Positive Sentiment: Blue Owl-backed portfolio company CAIS raised $170 million at a valuation above $2 billion, highlighting the potential value of the firm’s alternative-investment platform exposure. CAIS Strategic Investment
• Neutral Sentiment: Blue Owl-affiliated data-center company Stack is reportedly seeking a $5.9 billion loan, indicating continued demand for financing tied to artificial-intelligence infrastructure, though it also leaves the firm exposed to large concentrated credit commitments. Blue Owl’s Stack Seeks $5.9 Billion Loan
• Negative Sentiment: Private-credit fundraising fell 37% and reached its slowest pace in three years. The fundraising slowdown and an assets-under-management shortfall versus expectations could limit future fee growth. Blue Owl Private Credit Fundraising
• Negative Sentiment: Analyst concerns about deteriorating dividend coverage and net asset value pressure prompted a downgrade to Hold, raising the risk of future payout reductions despite the newly declared dividend. Blue Owl Capital Rating Downgrade

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently added to or reduced their stakes in the business. Arax Advisory Partners acquired a new stake in Blue Owl Capital in the 4th quarter worth about $25,000. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at about $26,000. Lavaca Capital LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter worth about $28,000. Los Angeles Capital Management LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter worth about $41,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital in the second quarter worth approximately $51,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.