ARES - Ares Management Corporation
| Previous Close | 22.40 |
| Open | 22.74 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 1000 |
| Day's Range | 22.36 - 23.27 |
| 52 Week Range | 16.18 - 25.80 |
| Volume | 1,089,106 |
| Avg. Volume | 809,270 |
| Market Cap | 5.078B |
| Beta (3Y Monthly) | 2.36 |
| PE Ratio (TTM) | 77.43 |
| EPS (TTM) | 0.30 |
| Earnings Date | Feb 13, 2019 - Feb 18, 2019 |
| Forward Dividend & Yield | 1.12 (5.00%) |
| Ex-Dividend Date | 2018-12-14 |
| 1y Target Est | 25.70 |
- The Wall Street Journal•2 days ago
[$$] PE Daily: Ares Rides Credit Wave With Record $36 Billion Haul; Lexington Eyes $12 Billion Target
Secondary fundraising momentum appears to continue as the year unfolds with news that Lexington Partners has collected around $10 billion so far for its latest secondary fund, according to a letter the firm sent investors. On the deal front, Lazard Freres & Co., one of the early intermediaries to focus on GP-led secondary deals, said that volume for such deals hit a record $22 billion last year. Corp. has rode a giant wave of investor appetite for credit strategies.
Motley Fool•3 days agoAres Management LP (ARES) Q4 2018 Earnings Conference Call Transcript
ARES earnings call for the period ending December 31, 2018.
- American City Business Journals•3 days ago
UMass Boston taps Accordia Partners for $235M Bayside site deal
The 20-acre Bayside Expo Center site could host up to 3.5 million square feet of mixed-use development, its newly named developer said Thursday.
- Zacks•3 days ago
Ares Management (ARES) Surpasses Q4 Earnings Estimates
Ares Management (ARES) delivered earnings and revenue surprises of 32.26% and -2.08%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•3 days ago
Ares Management: 4Q Earnings Snapshot
The Los Angeles-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs, came to 41 cents per share. The results topped Wall Street expectations. The average estimate ...
- Business Wire•4 days ago
Ares Management Corporation Reports Fourth Quarter and Full Year 2018 Results
Ares Management Corporation (ARES) today reported its financial results for its fourth quarter and year ended December 31, 2018. “We ended 2018 with over $28 billion of AUM raised but not yet deployed and earning fees, putting us in an excellent position to drive future earnings growth in 2019,” said Michael McFerran, Chief Operating Officer and Chief Financial Officer of Ares.
- Zacks•10 days ago
Analysts Estimate Ares Management (ARES) to Report a Decline in Earnings: What to Look Out for
Ares Management (ARES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Moody's•11 days ago
EPIC Crude Services, LP -- Moody's rates EPIC Crude's term loan B3
Rating Action: Moody's rates EPIC Crude's term loan B3. Global Credit Research- 06 Feb 2019. Initial ratings on $1.075 billion of proposed debt.
Reuters•13 days agoExclusive: Food retailer Smart & Final explores sale - sources
An outright sale would allow Ares to cash out on its majority stake in Smart & Final. It acquired the company in 2012 from fellow buyout firm Apollo Global Management LLC (APO.N) for $975 million, including debt. Ares took Smart & Final public in 2014 at a price of $12 per share.
- Zacks•13 days ago
What to Expect From Lincoln National (LNC) in Q4 Earnings
Lincoln National's (LNC) Q4 earnings should gain from strong performance across its segments, higher investment income and the effect of share buyback.
- Moody's•16 days ago
Oregon Clean Energy, LLC -- Moody's assigns first time Ba3 rating to Oregon Clean Energy, LLC's senior secured credit facilities; outlook stable
Moody's Investors Service ("Moody's") assigned a Ba3 rating to Oregon Clean Energy, LLC's $500 million senior secured term loan and $50 million senior secured revolving credit facility maturing in February 2026 and February 2024, respectively. The Ba3 rating considers the known capacity revenues through May 2022 derived from past PJM base residual auctions as a source of reliable cash flow and future revenues over the next three and a half years.
- Reuters•23 days ago
US middle market investors look to senior direct lending funds
Middle market direct lending funds focusing on senior US leveraged loans are seeing a pickup in demand as investors seek protection in less risky debt in the late stages of the credit cycle, market participants said. Platforms that lend to US mid-sized companies have been attracting record levels of capital across a range of strategies and funds, and hit a record US$87bn in 2018, according to LPC data, as demand for senior loan funds increased amid a deteriorating macroeconomic outlook. In the next year to 18 months, more direct lenders are expected to raise funds focused on senior debt investments, according to John Mahon, a partner in the investment management group at law firm Schulte Roth & Zabel.
- Business Wire•27 days ago
Ares Management Corporation Appoints Antoinette Bush to Board of Directors
Ares Management Corporation (ARES) today announced that Antoinette (“Toni”) Bush has joined its Board of Directors as an independent director. Ms. Bush is currently the Executive Vice President and Global Head of Government Affairs for News Corp, where she has served in that capacity since June of 2013. Prior to joining News Corp, she held various positions at Skadden, Arps, Slate, Meagher, & Flom LLP.
- GlobeNewswire•last month
Analysis: Positioning to Benefit within Amerco, American Financial Group, AmeriGas Partners, Ares Management, LivePerson, and Armada Hoffler Properties — Research Highlights Growth, Revenue, and Consolidated Results
NEW YORK, Jan. 18, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
- Business Wire•last month
Ares Management Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Year Ended December 31, 2018
Ares Management Corporation (ARES) announced today that it will report earnings for the fourth quarter and year ended December 31, 2018 on Thursday, February 14, 2019 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its fourth quarter and fiscal year ended 2018 financial results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.aresmgmt.com.
- Moody's•last month
Panoche Energy Center, LLC -- Moody's downgrades Panoche's senior secured notes to Caa2, outlook is negative
Moody's Investors Service ("Moody's") has downgraded Panoche Energy Center, LLC's (Panoche or the Project) senior secured notes to Caa2 from Baa3. The downgrade to Caa2 is driven solely by the expected bankruptcy filing of Pacific Gas & Electric Company (PG&E: Caa3, negative) which was downgraded to Caa3 on January 14, 2019 and has a negative outlook. PG&E's credit quality serves to limit Panoche's rating since the Project derives all of its revenue and cash flow under a long-term power purchase agreement (PPA) with PG&E that expires in 2029.
- Business Wire•last month
David Roth Joins Ares Management Corporation as Partner and Head of U.S. Real Estate Private Equity
Ares Management Corporation (ARES) announced today that David Roth joined Ares as a Partner in the Ares Real Estate Group and Head of U.S. Real Estate Private Equity, where he will lead the effort to scale Ares’ U.S. real estate private equity strategy, explore strategic growth opportunities and continue to build the firm’s strong real estate franchise. Mr. Roth will be based in Ares’ New York office and partner with Ares’ tenured portfolio managers in its U.S. real estate private equity strategies including Steven Wolf, Chief Investment Officer of U.S. Real Estate Private Equity, Jay Glaubach, Andrew Holm, and Howard Huang, all of whom will remain in their roles.
- Business Wire•2 months ago
Ares Management Closes Oversubscribed Inaugural U.S. Senior Direct Lending Fund with Total Anticipated Capital of $5 Billion
Ares Management Corporation announced today the final closing of its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund .
- Associated Press•2 months ago
BP sells 3 Texas wind turbine farms to Ares Management Corp
Oil and gas producer BP has sold three of its Texas wind farms to funds managed by affiliates of Los Angeles-based private equity firm Ares Management Corp. London-based BP says the deal includes its Silver ...
- Business Wire•2 months ago
Ares Management Announces Acquisition of Three Texas Wind Farms
Ares Management Corporation (ARES) announced today that a fund managed by its Infrastructure and Power strategy has closed on the acquisition of three operating utility-scale wind facilities in Texas from BP Wind Energy North America, Inc. The assets have been in operation since as early as 2008 and will be repowered by removing existing wind turbine generators and replacing them with new best-in-class technology from a different original equipment manufacturer – Vestas-American Wind Technology, Inc. The repowering will maximize the efficiency and performance of the wind facilities, as well as extend their lifespan. “This transaction adds three flagship assets to the Ares portfolio and reinforces Ares’ leading position as a value-added infrastructure investor in the renewable sector,” said Keith Derman, Partner and Co-Head of the Ares Infrastructure and Power strategy.
- Insider Monkey•2 months ago
Should You Buy Ares Management L.P. (ARES)?
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. […]
- The Wall Street Journal•2 months ago
[$$] Neiman Marcus Bondholder Sues Over Transfer of MyTheresa Business
Marble Ridge Capital LP, an investment firm with a position in Neiman Marcus Group Ltd.’s debt, sued the company alleging that a recent transfer of the retailer’s MyTheresa unit from a subsidiary of the company to its parent company is a fraudulent transfer. Marble Ridge alleges that a two-step transfer of MyTheresa amounted to a scheme to “hinder, delay and defraud” the company’s creditors of assets worth about $1 billion. LP and the Canada Pension Plan Investment Board, carried out the transfer for their own benefit.
- American City Business Journals•2 months ago
N.J. distributor picks Southern Season site, will create 39 jobs
A local developer has purchased a Triad industrial site for $6.5 million with plans to expand and renovate the facility for a tenant that will invest $17 million in the project and create 39 jobs. Samet Corp. of Greensboro bought the former Southern Season distribution facility at N.C. Industrial Center in Mebane and will be the general contractor for a design-build project for Universal Preserv-A-Chem (UPI). Samet built the distribution center in 2015 for Chapel Hill-based gourmet food and gift retailer Southern Season, which went bankrupt a year later.
- Business Wire•2 months ago
Ares Management Closes Ninth Value-Add U.S. Real Estate Fund at Approximately $1.04 Billion
Ares Management Corporation (ARES) announced today the final closing of Ares U.S. Real Estate Fund IX (“U.S. Fund IX” or the “Fund”), which primarily targets investments in multifamily, industrial, and office properties located across the United States, at approximately $1.04 billion. This fundraise represents a significant increase from U.S. Fund IX’s predecessor fund, Ares U.S. Real Estate Fund VIII, which closed at $825 million in December 2014. Through U.S. Fund IX, the team is continuing its value-add investing strategy of acquiring and improving institutional quality assets through renovation and repositioning initiatives in order to generate attractive returns and high current income.
