Somewhat Positive News Coverage Somewhat Unlikely to Impact Ares Management L.P. (ARES) Share Price

Media stories about Ares Management L.P. (NYSE:ARES) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ares Management L.P. earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 45.9481814940263 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of brokerages have weighed in on ARES. TheStreet lowered shares of Ares Management L.P. from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. BidaskClub raised shares of Ares Management L.P. from a “hold” rating to a “buy” rating in a research note on Saturday, November 11th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ares Management L.P. in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Ares Management L.P. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, October 9th. Finally, ValuEngine lowered shares of Ares Management L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.00.

Ares Management L.P. (NYSE:ARES) traded up $0.20 during midday trading on Tuesday, hitting $18.75. 59,100 shares of the stock were exchanged, compared to its average volume of 125,140. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.56. Ares Management L.P. has a 12 month low of $15.75 and a 12 month high of $23.25. The firm has a market capitalization of $3,940.00, a P/E ratio of 10.14, a PEG ratio of 0.74 and a beta of 1.23.

Ares Management L.P. (NYSE:ARES) last posted its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. Ares Management L.P. had a net margin of 4.98% and a return on equity of 39.54%. The company had revenue of $283.67 million for the quarter, compared to the consensus estimate of $286.76 million. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was down 15.4% compared to the same quarter last year. sell-side analysts predict that Ares Management L.P. will post 1.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.41 dividend. The ex-dividend date is Thursday, November 16th. This is an increase from Ares Management L.P.’s previous quarterly dividend of $0.31. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.75%. Ares Management L.P.’s dividend payout ratio (DPR) is 292.86%.

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About Ares Management L.P.

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.

Insider Buying and Selling by Quarter for Ares Management L.P. (NYSE:ARES)

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