Blue Owl Capital (NYSE:OWL) Issues Quarterly Earnings Results, Meets Estimates

Blue Owl Capital (NYSE:OWL) issued its quarterly earnings results on Thursday. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19, Zacks reports. The company had revenue of $549.85 million for the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.12%. During the same period in the prior year, the firm posted $0.16 EPS.

Blue Owl Capital Stock Down 5.4 %

Shares of NYSE OWL traded down $0.92 during trading hours on Friday, hitting $16.26. 15,574,423 shares of the stock were exchanged, compared to its average volume of 6,413,336. The company has a market cap of $23.23 billion, a PE ratio of 135.50, a PEG ratio of 1.08 and a beta of 1.18. The firm has a fifty day moving average price of $18.04 and a 200-day moving average price of $17.91. Blue Owl Capital has a 12 month low of $10.64 and a 12 month high of $20.13.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.72 annualized dividend and a dividend yield of 4.43%. Blue Owl Capital’s payout ratio is presently 600.00%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Friday. TD Cowen reissued a “hold” rating and issued a $19.00 price objective (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $24.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.23.

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.