Somewhat Positive News Coverage Somewhat Unlikely to Impact Ares Management L.P. (ARES) Stock Price
News articles about Ares Management L.P. (NYSE:ARES) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ares Management L.P. earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 45.2418716299686 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Ares Management L.P. (ARES) Raised to Hold at BidaskClub (americanbankingnews.com)
- Ares Management Funds Announce Sale of 30-Property, 1550-Unit Residential Portfolio in Denmark – Business Wire (press release) (businesswire.com)
- Ares Management Funds Announce Sale of 30-Property, 1,550-Unit Residential Portfolio in Denmark (finance.yahoo.com)
- Ares Management L.P. (ARES) Research Coverage Started at Oppenheimer Holdings, Inc. (americanbankingnews.com)
Shares of Ares Management L.P. (NYSE:ARES) opened at 18.50 on Thursday. The company has a 50 day moving average of $18.07 and a 200-day moving average of $18.43. The company has a market cap of $3.96 billion, a PE ratio of 24.77 and a beta of 1.25. Ares Management L.P. has a 52-week low of $14.75 and a 52-week high of $23.25.
Ares Management L.P. (NYSE:ARES) last released its earnings results on Friday, August 4th. The asset manager reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $554.00 million for the quarter, compared to analyst estimates of $442.10 million. Ares Management L.P. had a net margin of 5.86% and a return on equity of 40.94%. Ares Management L.P.’s revenue for the quarter was up 49.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. Analysts forecast that Ares Management L.P. will post $1.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a $0.31 dividend. This is a positive change from Ares Management L.P.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.24 annualized dividend and a yield of 6.68%. Ares Management L.P.’s payout ratio is presently 169.86%.
A number of research analysts have recently weighed in on ARES shares. TheStreet raised Ares Management L.P. from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Zacks Investment Research raised Ares Management L.P. from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, July 11th. Royal Bank Of Canada set a $21.00 price target on Ares Management L.P. and gave the company a “buy” rating in a research note on Saturday, August 5th. ValuEngine downgraded Ares Management L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $22.00 price target on shares of Ares Management L.P. in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.88.
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Ares Management L.P. 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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