Blue Owl Capital (NYSE:OWL – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20, Zacks reports. The business had revenue of $600.88 million during the quarter, compared to analysts’ expectations 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 business posted $0.16 EPS.
Blue Owl Capital Stock Down 4.1 %
OWL traded down $0.91 on Friday, reaching $21.45. 9,159,480 shares of the company traded hands, compared to its average volume of 5,858,687. The company has a market cap of $31.39 billion, a P/E ratio of 126.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. Blue Owl Capital has a one year low of $12.24 and a one year high of $24.17. The firm has a fifty day simple moving average of $19.81 and a two-hundred day simple moving average of $18.68.
Blue Owl Capital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.55%.
Analyst Ratings Changes
A number of research firms recently weighed in on OWL. JMP Securities raised their target price on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group upped their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer increased their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, TD Cowen reissued a “hold” rating and set a $19.00 price objective (down from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.