Blue Owl Capital Inc. (OWL) To Go Ex-Dividend on November 8th

Blue Owl Capital Inc. (NYSE:OWL) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.18 per share on Friday, November 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, November 8th.

Blue Owl Capital has a payout ratio of 75.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Blue Owl Capital to earn $0.94 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 76.6%.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.65 on Thursday, hitting $22.75. The company had a trading volume of 13,068,543 shares, compared to its average volume of 5,411,381. The stock has a market capitalization of $33.29 billion, a price-to-earnings ratio of 137.65, a P/E/G ratio of 1.39 and a beta of 1.14. Blue Owl Capital has a 1 year low of $12.95 and a 1 year high of $24.17. The stock has a 50 day moving average of $20.07 and a 200-day moving average of $18.76.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 20.61%. The firm had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same quarter in the prior year, the business posted $0.16 EPS. Equities analysts anticipate that Blue Owl Capital will post 0.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI raised their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Piper Sandler increased their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Oppenheimer lifted their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.15.

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.