News coverage about Ares Management (NYSE:ARES) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Management earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 45.8211205670743 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Ares and CPPIB-backed 99 Cents Only Stores appoints new CEO – PE Hub (blog) (pehub.com)
- Cash-Rich Investors Are Hungry for Deals – Bloomberg (bloomberg.com)
- Ares Commercial Real Estate Corporation Announces Leadership Transition on Its Board of Directors – Business Wire (press release) (businesswire.com)
- Ares Management Closes $175MM Credit Line for BFS Capital – ABL Advisor (abladvisor.com)
- Ares Management LP Decreases Dividend by 2.44% – Dividend.com (dividend.com)
Shares of Ares Management (NYSE:ARES) traded up $0.70 during trading hours on Monday, reaching $24.65. 80,431 shares of the company traded hands, compared to its average volume of 138,250. Ares Management has a one year low of $17.25 and a one year high of $25.95. The stock has a market capitalization of $5,240.00, a price-to-earnings ratio of 38.52, a PEG ratio of 1.40 and a beta of 1.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.37.
The firm also recently declared a dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Monday, February 26th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 23rd. Ares Management’s dividend payout ratio is presently 256.25%.
Several research analysts recently issued reports on the stock. Royal Bank of Canada set a $26.00 target price on shares of Ares Management and gave the stock a “buy” rating in a research report on Thursday, February 15th. Wells Fargo & Co lowered shares of Ares Management from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. They noted that the move was a valuation call. ValuEngine upgraded shares of Ares Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 15th. Zacks Investment Research lowered shares of Ares Management from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $24.00 target price on shares of Ares Management in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $25.00.
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About Ares Management
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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