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ARES MANAGEMENT CORPORATION CLASS A (NYSE: ARES)
Last Trade
4:00 p.m. - 45.14
Change
 0.64 ( 1.40%)
Shares Traded
6,847
Day's Volume
683,425
Book Value
NA
Price/Book
NA
Beta
1.0945
Day's Range
44.62 - 45.68
Prev Close
45.78
Open
45.45
52 Wk Range
20.2001 - 49.86
EPS
1.11
PE
40.67
Quarterly Div/Shr
0.40
Ex-Div
12/16/20
Yield
3.54%
Shares Out.
143.83M
Market Cap.
6.49B
  • 1 Year Stock Performance:

CAGR - Chart the growth of a $10K investment in ARES

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Related news from
Tue, 12 Jan 2021
11:00:00 +0000
Ares Management Corporation and Aviation Industry Veterans Announce Launch of Vmo Aircraft Leasing
Ares Management Corporation (NYSE: ARES) and aviation industry veterans, including Bob Brown, Sean Sullivan and Will Hudson, announced today the launch of Vmo Aircraft Leasing L.P. ("Vmo"), a newly-formed company to acquire and lease commercial aircraft. Funds managed by Ares’ Private Equity Group and Vmo management have committed approximately $500 million in initial equity capital to support Vmo, which will target a global and diversified portfolio of modern, next-generation and efficient commercial aircraft.
Mon, 11 Jan 2021
21:42:00 +0000
Pretium, Ares Management and Front Yard Residential Complete First-Ever Single-Family Rental Take-Private Transaction
Pretium and a group of its investors, and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation (NYSE: ARES) ("Ares") today announced the completion of their acquisition of Front Yard Residential Corporation (NYSE: RESI) ("Front Yard"), a leading provider of high-quality and affordable single-family rental ("SFR") housing.
Mon, 11 Jan 2021
21:30:00 +0000
Ares Management Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended December 31, 2020
Ares Management Corporation announced today that it will report earnings for the fourth quarter and fiscal year ended December 31, 2020 on Thursday, February 11, 2021 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. ET to discuss its fourth quarter and fiscal year ended December 31, 2020 financial results.
Thu, 07 Jan 2021
13:00:00 +0000
TricorBraun To Be Acquired By Ares Management And Ontario Teachers' Pension Plan Board
Global packaging leader TricorBraun (the "Company") announced today that it has entered into a definitive stock purchase agreement with funds managed by Ares Management Corporation's (NYSE: ARES) Private Equity Group ("Ares") and Ontario Teachers' Pension Plan Board ("Ontario Teachers'"). Ares and Ontario Teachers' will acquire a majority interest in the Company.
Fri, 18 Dec 2020
14:20:00 +0000
Fidelity National Financial and F&G Complete the Sale of F&G Re to Aspida Holdings Ltd.
Fidelity National Financial, Inc. ("FNF") (NYSE: FNF) and F&G;, a leading provider of annuities and life insurance, announced today the completed sale of F&G; Reinsurance Ltd ("F&G; Re") to Aspida Holdings Ltd. ("Aspida"), an indirect subsidiary of Ares Management Corporation (NYSE: ARES). Proceeds from the sale of F&G; Re will be used for general corporate purposes, including funding growth opportunities at F&G.; Financial terms of the deal were not disclosed, and the transaction is expected to have no material impact to FNF's GAAP financial results. As previously announced, F&G; and Aspida (via F&G; Re) will enter into a flow reinsurance agreement with respect to F&G;'s MYGA products on a coinsurance fund withheld basis subsequent to the closing of the transaction.
Fri, 18 Dec 2020
14:20:00 +0000
Ares Management Corporation and Aspida Announce the Closing of F&G Reinsurance Acquisition
Ares Management Corporation ("Ares") (NYSE: ARES) and its indirect subsidiary Aspida Holdings Ltd. ("Aspida") jointly announced today the completion of Aspida’s previously announced acquisition of F&G Reinsurance Ltd (the "Company") from FGL Holdings ("F&G"), a subsidiary of Fidelity National Financial, Inc. (NYSE: FNF). As part of the transaction, Aspida will enter into a strategic flow reinsurance agreement with F&G related to certain annuity products. Terms of the all cash transaction were not disclosed.
Thu, 17 Dec 2020
18:43:35 +0000
Is ARES A Good Stock To Buy Now?
At Insider Monkey, we pore over the filings of nearly 817 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this […]
Tue, 15 Dec 2020
20:56:06 +0000
99 Cents Only Stores LLC -- Moody's changes 99 cents' outlook to positive; new notes at Caa1
Moody's Investors Service, ("Moody's") today changed the outlook for 99 Cents Only Stores LLC (99 Cents) to positive from stable. "The company's proposed refinancing will get its capital structure in line with its overall profitability levels and will improve its maturity profile hence the positive outlook", Moody's Vice President Mickey Chadha stated. "However liquidity is still constrained as we expect free cash flow to remain negative and operating performance has been weaker than peers", Chadha further stated.
Sun, 06 Dec 2020
16:13:06 +0000
Unified Women's Healthcare, LP -- Moody's assigns B3 CFR to Unified Women's Healthcare LP; outlook stable
Moody's Investors Service, ("Moody's") assigned a B3 Corporate Family Rating and B3-PD Probability of Default Rating to Unified Women's Healthcare LP ("Unified"). Moody's also assigned B2 ratings to the company's senior secured first lien term loan and revolving credit facility. Proceeds from the new credit facilities (including a proposed $140 million 8-year second lien term loan that is not rated) will be used to fund the purchase of Unified by Altas Partners (together with existing sponsor Ares Management), cover existing deferred purchase obligations ("DPOs") related to closed acquisitions, to close acquisitions under Letters of Intent and cover transaction-related expenses.
Wed, 02 Dec 2020
11:30:00 +0000
Ares Management Corporation to Present at the Goldman Sachs 2020 U.S. Financial Services Conference
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the 2020 Goldman Sachs U.S. Financial Services Conference on Tuesday, December 8, 2020, at 12:00 p.m. ET.
Tue, 01 Dec 2020
23:04:07 +0000
ADMI Corp. -- Moody's confirms ADMI Corp.'s B2 Corporate Family Rating, assigns B2 to new debt instruments; outlook stable
Moody's Investors Service, ("Moody's") confirmed ADMI Corp.'s ("ADMI") B2 Corporate Family Rating, the B2-PD Probability of Default Rating, and the B2 ratings on the first lien senior secured term loan and first lien senior secured revolving credit facility. At the same time, Moody's assigned B2 ratings to the proposed add-on first lien senior secured term loan and the incremental first lien senior secured revolving credit facility.
Tue, 01 Dec 2020
04:39:47 +0000
Shareholders of Ares Management (NYSE:ARES) Must Be Delighted With Their 327% Total Return
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...
Wed, 25 Nov 2020
20:46:31 +0000
Chuck Royce's Firm's Top 5 Sells of the 3rd Quarter
Firm makes space for new holdings
Mon, 23 Nov 2020
12:30:00 +0000
Front Yard Residential Signs Amended Merger Agreement with Pretium and Ares Management
CHRISTIANSTED, U.S. Virgin Islands, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Front Yard Residential Corporation (“Front Yard” or the “Company”) (NYSE: RESI), an industry leading provider of high-quality and affordable rental homes, announced today that it has amended its definitive merger agreement with a partnership led by Pretium and including funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation (NYSE: ARES) (together, the “Pretium Partnership”) to increase the consideration payable to holders of outstanding shares of Front Yard stock to $16.25 per share in cash from $13.50 per share in cash, which values the Company at approximately $2.5 billion, including debt to be assumed or refinanced. The revised transaction price represents a 63% premium over Front Yard’s closing share price on October 16, 2020, the last trading day prior to the date on which the Company entered into the merger agreement. Front Yard and the Pretium Partnership negotiated the amendment following the receipt by Front Yard of an unsolicited binding proposal (the “Proposal”) from an unaffiliated third party to acquire all outstanding shares of Front Yard common stock. The board of directors (the “Board”) of Front Yard, in consultation with its legal and financial advisors, carefully considered the terms of the Proposal and the amended Pretium Partnership transaction and determined that entering into the amendment to the Pretium Partnership merger agreement was in the best interests of Front Yard and its stockholders. Front Yard’s Board approved the amended merger agreement and recommends that Front Yard’s stockholders vote in favor of the amended Pretium Partnership merger agreement.“We are confident in the strategic and financial rationale of this transaction, and continue to believe it is the best way to maximize immediate cash value for our stockholders,” said George Ellison, Chief Executive Officer of Front Yard.“After receiving a binding proposal reflecting a higher purchase price for Front Yard, Front Yard advised the Pretium Partnership of the proposal as required by the terms of the merger agreement, which led to the Pretium Partnership increasing the price of our transaction with them,” said Rochelle R. Dobbs, Front Yard’s Chair of the Board. “Following these discussions, our Board approved the amendment to the merger agreement. We believe the amended merger agreement is a result of a well-run sales process that allows our stockholders to realize higher value for their shares.”“We believe in this Company and the Front Yard team and remain committed to completing this transaction,” said Don Mullen, Pretium’s Chairman and Chief Executive Officer.Front Yard will file a current report on Form 8-K with the U.S. Securities and Exchange Commission containing a summary of the terms and conditions of the amendment to the definitive merger agreement.The transaction is expected to close in the first quarter of 2021, subject to the approval of the holders of a majority of Front Yard’s outstanding shares and the satisfaction of customary closing conditions.AdvisorsDeutsche Bank Securities Inc. is serving as financial advisor to Front Yard and Weil, Gotshal & Manges LLP is serving as Front Yard’s legal counsel.RBC Capital Markets, LLC is serving as financial advisor to Pretium. BofA Securities is serving as financial advisor to Ares. Sidley Austin is serving as M&A legal counsel, Fried Frank as partnership legal counsel, and Hunton Andrews Kurth as special tax and financing counsel to Pretium. Latham & Watkins is serving as legal counsel to Ares.About Front YardFront Yard is an industry leader in providing quality, affordable rental homes to America’s families. Our homes offer exceptional value in a variety of suburban communities that have easy accessibility to metropolitan areas. Front Yard's tenants enjoy the space and comfort that is unique to single-family housing, at reasonable prices. Our mission is to provide our tenants with houses they are proud to call home. Additional information is available at www.frontyardresidential.com.About PretiumPretium is a specialized alternative investment management firm focused on residential real estate, mortgage finance, and corporate credit. Pretium was founded in 2012 to capitalize on secular investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy, the residential housing sector, and mortgage finance markets. Pretium has built an integrated analytical and operational ecosystem within the U.S. residential housing, mortgage, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $16 billion of assets under management as of October 1, 2020 and employs approximately 1,500 employees across 26 offices. Please visit www.pretium.com for additional information.About Ares Management CorporationAres Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating integrated groups across Credit, Private Equity, Real Estate and Strategic Initiatives. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles. Ares Management's global platform had approximately $179 billion of assets under management as of September 30, 2020 with more than 1,400 employees operating across North America, Europe and Asia Pacific.  For more information, please visit: www.aresmgmt.com.About Ares Real Estate Group The Ares Real Estate Group manages comprehensive public and private, equity and debt strategies with approximately $14.4 billion of assets under management and approximately 80 investment professionals, as of September 30, 2020. The real estate team maintains a time-tested and consistent investment approach across equity and debt strategies focusing on major property types that have value creation opportunities, located in liquid markets with diversified economies.About Ares Alternative Credit Ares’ Alternative Credit strategy focuses on direct lending and investing in assets that generate contractual cash flows and fills gaps in the capital markets between credit, private equity and real estate. Ares Alternative Credit targets investments across the capital structure in specialty finance, lender finance, loan portfolios, equipment leasing, structured products, net lease, cash flow streams (royalties, licensing, management fees), fund secondaries and other asset-focused investments. Co-Headed by Keith Ashton and Joel Holsinger, Ares Alternative Credit leverages a broadly skilled and cohesive team of approximately 40 investment professionals as of September 30, 2020.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections, anticipations and assumptions with respect to, among other things, the Company’s financial results, future operations, business plans and investment strategies as well as industry and market conditions. These statements may be identified by words such as “anticipate,” “intend,” “expect,” “may,” “could,” “should,” “would,” “plan,” “estimate,” “target,” “seek,” “believe” and other expressions or words of similar meaning. We caution that forward-looking statements are qualified by the existence of certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. These risks and uncertainties include: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the inability to complete the proposed merger due to the failure to obtain stockholder approval for the proposed merger or the failure to satisfy other conditions to completion of the proposed merger; risks related to disruption of management’s attention from the Company’s ongoing business operations due to the transaction; the effect of the announcement of the proposed merger on the Company’s relationships with its customers, operating results and business generally; the risk that the proposed merger will not be consummated in a timely manner; exceeding the expected costs of the merger; our ability to successfully complete the transition plan contemplated in connection with the termination of our Asset Management Agreement with Altisource Asset Management Corporation (“AAMC”), our external asset manager, pursuant to the Termination and Transition Agreement dated August 13, 2020; our ability to successfully internalize our asset management function; our ability to successfully implement our strategic initiatives and achieve their anticipated impact; our ability to implement our business strategy; risks and uncertainties related to the COVID-19 pandemic, including the potential adverse impact on our real-estate related assets, financing arrangements, operations, business prospects, customers, employees and third-party service providers; the effect of management’s attention being diverted from our ongoing business operations and costs associated with shareholder activism; the impact of defending any litigation; our ability to make distributions to stockholders; our ability to integrate newly acquired rental assets into the portfolio; the ability to successfully perform property management services at the level and/or the cost that we anticipate; the failure to identify unforeseen expenses or material liabilities associated with acquisitions through the due diligence process prior to such acquisitions; difficulties in identifying single-family properties to acquire; the impact of changes to the supply of, value of and the returns on single-family rental properties; our ability to acquire single-family rental properties generating attractive returns; our ability to sell non-core assets on favorable terms or at all; our ability to predict costs; our ability to effectively compete with competitors; changes in interest rates; changes in the market value of single-family properties; our ability to obtain and access financing arrangements on favorable terms or at all; our ability to deploy the net proceeds from financings or asset sales to acquire assets in a timely manner or at all; our ability to maintain adequate liquidity and meet the requirements under its financing arrangements; risks related to our engagement of AAMC as our asset manager; the failure of our third party vendors to effectively perform their obligations under their respective agreements with us; our failure to qualify or maintain qualification as a REIT; our failure to maintain our exemption from registration under the Investment Company Act of 1940, as amended; the results of our strategic alternatives review and risks related thereto; the impact of adverse real estate, mortgage or housing markets; the impact of adverse legislative, regulatory or tax changes and other risks and uncertainties detailed in the “Risk Factors” and other sections described from time to time in the Company's current and future filings with the Securities and Exchange Commission (“SEC”). In addition, financial risks such as liquidity, interest rate and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive.Forward-looking statements speak only as of the date hereof and, except as required by law, we undertake no obligation to update or revise these forward-looking statements. For additional information regarding these and other risks faced by us, refer to our public filings with the SEC, available on the Investors section of our website at www.frontyardresidential.com and on the SEC’s website at www.sec.gov.Additional Information and Where to Find ItThis release may be deemed solicitation material in respect of the proposed acquisition of the Company by Pretium. In connection with the proposed merger, the Company will file with the SEC and furnish to the Company’s stockholders a proxy statement and other relevant documents. This release does not constitute a solicitation of any vote or approval. Stockholders are urged to read the proxy statement when it becomes available and any other documents to be filed with the SEC in connection with the proposed merger or incorporated by reference in the proxy statement because they will contain important information about the proposed merger.Investors will be able to obtain free of charge the proxy statement and other documents filed with the SEC at the SEC’s website at www.sec.gov. In addition, the proxy statement and our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934 are or will be available free of charge through our website at www.frontyardresidential.com as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC.The directors, executive officers and certain other members of management and employees of the Company may be deemed “participants” in the solicitation of proxies from stockholders of the Company in favor of the proposed merger. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the stockholders of the Company in connection with the proposed merger will be set forth in the proxy statement and the other relevant documents to be filed with the SEC. You can find information about the Company’s executive officers and directors in the definitive proxy statement on Schedule 14A in connection with Front Yard’s 2020 Annual Meeting of Stockholders, filed with the SEC on May 28, 2020.Front Yard Contacts Investor Relations Phone: 1-704-558-3068 E-mail: IR@FYRHomes.comPretium ContactsMedia Prosek Partners Mike Geller, 646-818-9018 mgeller@prosek.com Josh Clarkson, 646-818-9259 jclarkson@prosek.comInvestors Genie Pusey, 917-942-7395 gpusey@pretium.comAres Management Corporation ContactsMedia Mendel Communications Bill Mendel, 212-397-1030 bill@mendelcommunications.comInvestors Carl Drake, 800-340-6597 cdrake@aresmgmt.com Priscila Roney, 212-808-1185 proney@aresmgmt.com Brittany Cash, 212-301-0347 bcash@aresmgmt.com
Mon, 23 Nov 2020
11:35:00 +0000
GI Partners Announces Acquisition of Valet Living
GI Partners, a leading private investment firm, announced today that it has acquired Valet Living, the largest nationally-recognized, full-service amenities provider to the multifamily housing industry. GI Partners acquired Valet Living from a fund managed by the Private Equity Group of Ares Management Corporation (NYSE:ARES) and Harvest Partners, LP.
Mon, 23 Nov 2020
11:30:00 +0000
Ares Management Completes Sale of Valet Living to GI Partners
Ares Management Corporation (NYSE: ARES) today announced that a fund managed by its Private Equity Group and Harvest Partners, LP have sold Valet Living, the largest nationally-recognized, full-service amenities provider to the multi-family housing industry, to GI Partners. Terms of the transaction were not disclosed.
Mon, 23 Nov 2020
00:11:00 +0000
Guitar Center files for Chapter 11 bankruptcy
The retail chain, the largest seller of musical equipment in the U.S., plans to keep its nearly 300 U.S. stores open during the process.
Mon, 16 Nov 2020
15:46:06 +0000
ADMI Corp. -- Moody's places ADMI Corp.'s ratings on review for downgrade
Moody's Investors Service, ("Moody's") placed the ratings of ADMI Corp.'s ("ADMI", dba Aspen Dental) on review for downgrade. ADMI expects this transaction to close in late 2020. While the acquisition will improve ADMI's scale and diversification, it will significantly increase leverage as well as presenting integration risks.
Mon, 16 Nov 2020
11:30:00 +0000
Ares Management Becomes Largest Single Shareholder in Peach Property Group AG
Ares Management Corporation ("Ares") (NYSE: ARES), a leading global alternative investment manager, announced today that a fund managed by its Real Estate Group has converted a CHF 155 million (€145 million) subordinated mandatory convertible bond ("MCB") holding in Peach Property Group AG ("Peach") (SIX: PEAN), a Swiss owner and manager of residential rental assets with approximately 23,000 residential units located across Germany.
Thu, 12 Nov 2020
20:00:00 +0000
EPIC Midstream Holdings Announces Chairman and CEO Succession Plan
EPIC Midstream Holdings, LP ("EPIC" or "the Company") today announced its executive leadership succession plan, in which the Board of Directors unanimously appointed Brian Freed to succeed Phil Mezey as Chief Executive Officer, with Mr. Mezey becoming Non-Executive Chairman. In addition to his role as CEO, Mr. Freed will join the Company’s Board of Directors.

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Ares Management Corporation Class A (ARES)