Blue Owl Capital Inc. (NYSE:OWL) Declares Quarterly Dividend of $0.18

Blue Owl Capital Inc. (NYSE:OWLGet Free Report) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Tuesday, May 21st will be paid 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 3.79%. The ex-dividend date is Monday, May 20th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14.

Blue Owl Capital has a dividend payout ratio of 70.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Blue Owl Capital to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 69.2%.

Blue Owl Capital Stock Up 0.6 %

OWL opened at $19.00 on Friday. The company has a fifty day simple moving average of $18.47 and a 200 day simple moving average of $16.29. The stock has a market cap of $27.14 billion, a P/E ratio of 158.29, a P/E/G ratio of 1.24 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Evercore ISI raised their price target 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. Piper Sandler raised 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, April 18th. UBS Group upgraded shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a report on Tuesday, April 2nd. Finally, TD Cowen reduced their target price on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating for the company in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.43.

Get Our Latest Stock Analysis on Blue Owl Capital

Blue Owl Capital Company Profile

(Get Free Report)

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.

See Also

Dividend History for Blue Owl Capital (NYSE:OWL)

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