|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.80 - 22.20|
|52 Week Range||17.25 - 25.95|
|PE Ratio (TTM)||35.48|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||0.37 (1.72%)|
|1y Target Est||26.80|
Norway's $1 trillion sovereign wealth fund and its real estate partner Prologis have sold eight logistics properties in France, the Netherlands and Spain to Ares Management, the fund said on Thursday. ...
Does the stock market have you nervous, or at least frustrated that you can’t find any names you really want to sink your teeth into? BX stock may look, feel and act like a typical equity investment, or at least a mutual fund. The term “private equity” can mean more than one thing, but generally speaking, it’s just a vague reference to investments in companies outside of ownership of publicly traded equities.
The Blackstone Group (BX) has an NTM (next-12-month) price-to-book ratio of 3.5x, higher than peers’ average ratio of 3.1x. Competitors Ares Management (ARES), Brookfield Asset Management (BAM), and Ameriprise Financial (AMP) have NTM price-to-book ratios of 4.4x, 1.5x, and 3.3x, respectively. Blackstone may have a higher valuation due to its 1Q18 numbers exceeding analysts’ expectations and its AUM (assets under management) rising in 1Q18.
In 1Q18, The Blackstone Group’s (BX) Hedge Fund Solutions saw an inflow to its total AUM (assets under management) of $3.9 billion. During the same period, the BPS Composite witnessed a 1.3% gross return and a 1.1% net return amid market fluctuation. Hedge Fund Solutions’ total revenue fell 23% YoY (year-over-year) to $140.4 million from $182.2 million, and its principal investment income fell 94% YoY to $1 million from $17.6 million. The division’s performance revenue also fell YoY, to $15.2 million from $33.4 million.
Admiral Permian Resources, LLC, a Midland, Texas-based independent oil and gas company focused on the acquisition and development of unconventional oil and gas reserves in the Permian Basin, announced the closing of its acquisition of leasehold interests and related assets from Three Rivers Operating Co. III LLC. This includes more than 59,000 net acres in Reeves and Culberson Counties in West Texas. The properties produced more than 15,000 net barrels of oil equivalent per day in March. In addition, funds managed by the Private Equity Group of Ares Management, L.P. (ARES) have acquired a majority stake in Admiral.
Ares Management L.P. announced today that funds managed by its real estate group have completed the acquisition of a portfolio of seven office properties located in major cities in Germany, the Netherlands, Austria and Finland, comprising 159,000 square meters.
Stock Monitor: Northern Trust Post Earnings Reporting LONDON, UK / ACCESSWIRE / April 19, 2018 / Active-Investors.com has just released a free research report on Ares Management, L.P. (NYSE: ARES ). If ...
Moody's Investors Service placed its ratings for American Tire Distributors, Inc. ("ATDI") under review for downgrade, including the company's B3 Corporate Family Rating (CFR) and B3-PD Probability ...
The Great American Cleanup, an annual event hosted by KTBB and other Keep America Beautiful affiliates, brings out thousands of volunteers to help end littering, improve recycling and beautify our local community. This year's event will take place on Saturday, April 28, 2018, from 9:00 AM – 12:00 PM at multiple locations across Tampa Bay. Ryan and his team will be at the Harbour Island cleanup location, aiding in cleanup efforts and educating participants on the value of recycling, along with recycling opportunities for multifamily residents. Shortly after the cleanup, Ryan and his team will be set up at the Dragon Boat Race in Cotanchobee Park (601 Old Water St) to continue their education efforts and enjoy the scenic event.
Conti Solar, an industry-leading renewable energy development, engineering, procurement, and construction company, announced today that it has received a strategic investment from a fund managed by Ares EIF, the power and energy infrastructure strategy in the Private Equity Group at Ares Management, L.P.
Of the 12 analysts covering The Carlyle Group (CG) in April 2018, four have recommended “strong buy,” five have recommended “buy,” and three have recommended “hold.” In March 2018, four recommended “strong buy,” four recommended “buy,” and four recommended “hold.” In February 2018, four recommended “strong buy,” three recommended “buy,” and five recommended “hold.”
The Carlyle Group’s (CG) NTM (next-12-month) PE (price-to-earnings) ratio is 7.7x, lower than competitors’ average of 9.6x. Peers Ameriprise Financial (AMP), Ares Management (ARES), and KKR (KKR) have NTM PE ratios of 9.5x, 11.4x, and 7.9x, respectively.
The Carlyle Group (CG) has acquired four French logistics assets from CBRE Global Investors. Industrial assets have seen strong demand due to economic recovery and upward momentum in the e-commerce sector. Carlyle plans to make further deployments in Western European markets and France, which could expand the company’s reach.
Ares Management, L.P. announced today that it will report earnings for the first quarter ended March 31, 2018 on Thursday, May 3, 2018 prior to the opening of the New York Stock Exchange.
Wall Street analysts expect The Carlyle Group (CG) to see EPS (earnings per share) of $0.54 in 1Q18, reflecting a substantial decline YoY (year-over-year). They gave a high estimate of $0.71 and a low estimate of $0.22. EPS are expected to fall mainly due to outflow from debt markets impacting its global credit segment.
Ares Capital Corporation announced today that it will report earnings for the first quarter ended March 31, 2018 on Wednesday, May 2, 2018 prior to the opening of the Nasdaq Global Select Market.
Moody's Investors Service, ("Moody's") affirmed the B2 Corporate Family Rating and B2-PD Probability of Default Rating of ADMI Corp. (dba "Aspen Dental"). Moody's also assigned a B2 ...
Moody's Investors Service changed the rating outlook for American Tire Distributor, Inc. ("ATDI") to stable from negative, and affirmed all existing ratings for the company, including the B3 ...
NEW YORK, NY / ACCESSWIRE / March 23, 2018 / U.S. markets slumped Thursday as concerns over a potential trade war with China continue to grow. The Dow Jones Industrial Average dropped 2.93 percent to close ...
Ares Management, L.P. announced today that 2017 tax information is now available on its website for investors that owned Ares Common Units or Ares Series A Preferred Units during 2017.
NEW YORK, March 20, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...