Headlines about Ares Management (NYSE:ARES) have trended positive on Friday, according to Alpha One Sentiment Analysis. The research firm, a service of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ares Management earned a media sentiment score of 0.32 on Alpha One’s scale. Alpha One also assigned news coverage about the asset manager an impact score of 33 out of 100, indicating that recent media coverage is unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Alpha One Sentiment’s analysis:
- Luxury Retailers Discover Even Their Shoppers Love A Bargain (pymnts.com)
- Houston private equity firm invests $300 million in Permian development (bizjournals.com)
- Japanese Companies Invest in NatGas-Fired Power Project in Pennsylvania (naturalgasintel.com)
- Luxury department store retailer takes on more debt (chainstoreage.com)
- Ares Management (ARES) Earning Somewhat Critical Media Coverage, AlphaOne Reports (americanbankingnews.com)
ARES has been the topic of several research reports. SunTrust Banks, Inc. upped their price objective on shares of Ares Management from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, February 27th. Zacks Investment Research downgraded shares of Ares Management from a “strong-buy” rating to a “hold” rating in a report on Friday, March 3rd. Keefe, Bruyette & Woods downgraded shares of Ares Management from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $21.00 to $24.00 in a report on Monday, February 27th. Credit Suisse Group AG initiated coverage on shares of Ares Management in a report on Wednesday, January 25th. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Goldman Sachs Group Inc assumed coverage on shares of Ares Management in a report on Friday, March 10th. They set a “neutral” rating and a $21.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ares Management presently has an average rating of “Hold” and an average target price of $20.86.
Shares of Ares Management (NYSE:ARES) traded down 0.26% during midday trading on Friday, hitting $19.25. 52,539 shares of the stock were exchanged. Ares Management has a 52-week low of $12.08 and a 52-week high of $23.25. The firm’s 50 day moving average price is $18.96 and its 200-day moving average price is $18.43. The stock has a market cap of $4.12 billion, a P/E ratio of 16.03 and a beta of 1.18.
Ares Management (NYSE:ARES) last issued its quarterly earnings results on Friday, February 24th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. The firm had revenue of $358.20 million for the quarter, compared to analyst estimates of $169.45 million. Ares Management had a return on equity of 25.44% and a net margin of 7.79%. The business’s revenue was up 124.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. On average, equities research analysts expect that Ares Management will post $1.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were given a dividend of $0.28 per share. This is an increase from Ares Management’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $1.12 dividend on an annualized basis and a yield of 5.80%. Ares Management’s dividend payout ratio (DPR) is presently 94.12%.
Ares Management Company Profile
Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.
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