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ORCC has seen a growth in its book value per share since the dip in 2020 and is benefitting from the higher interest rate environment. The company is well-positioned to take advantage of middle-market lending opportunities, with $1.7 billion in liquidity and a sound debt-to-equity ratio. Given its attractive 9.8% dividend yield and discount to NAV, ORCC is potentially a great choice for high-income investors.
Owl Rock (ORCC) expects the name change to not affect its day-to-day business, and bring operations under one Blue Owl brand.
We discuss quarterly results from BDC Owl Rock Capital Corp and highlight key income dynamics of the portfolio. The company delivered a strong 3.6% total NAV return for the quarter, marking its third straight quarter of outperformance. Both net income and NAV increased while non-accruals remain low.
Owl Rock Capital Corporation (ORCC) reported earnings 30 days ago. What's next for the stock?
Owl Rock Capital Corporation and VICI Properties Inc. are recognized as solid investments with yields over 5% and positive prospects. VICI has diversified its business, with 50 properties and 11 tenants across 15 states and a Canadian province, while ORCC has a wide range of diversification among its portfolio. Both stocks are rated as buys, with ORCC trading below net asset value and VICI trading well below its 52-week high.
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Due to higher net investment income in 1Q-23, YoY, Owl Rock's dividend pay-out ratio fell to 73%. Owl Rock's portfolio is growing even though originations have declined amid higher capital costs.
Owl Rock Capital Corporation (ORCC) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.31 per share a year ago.
Owl Rock Capital's (ORCC) first-quarter results are likely to reflect increases in dividend income and operating expenses.
Owl Rock Capital has sold off to start the month, giving income investors a high yielding opportunity. Its portfolio is well-positioned and it could benefit from a pullback in regional banks.