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Carlyle Group upgraded to Outperform from Market Perform at BMO Capital » 05:20
09/13/21
09/13
05:20
09/13/21
05:20
CG

Carlyle Group

$48.77 /

-0.32 (-0.65%)

, BX

Blackstone

$128.72 /

-0.69 (-0.53%)

, ARES

Ares Management

$78.99 /

-0.74 (-0.93%)

BMO Capital analyst Rufus…

BMO Capital analyst Rufus Hone upgraded Carlyle Group (CG) to Outperform from Market Perform with a price target of $65, up from $59, implying 35% total return. The analyst expects a "narrowing of the valuation gap" relative to capital-lite peers Blackstone (BX) and Ares Management (ARES), driven by a near-term inflection in organic net flows and earnings growth, a reduction in the perceived cyclicality of Carlyle's business and further increases in the accrued carry balance. While Carlyle's recent growth has been below peer, it should inflect in the near term, Hone tells investors in a research note.

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CG Carlyle Group
$48.77 /

-0.32 (-0.65%)

BX Blackstone
$128.72 /

-0.69 (-0.53%)

ARES Ares Management
$78.99 /

-0.74 (-0.93%)

CG Carlyle Group
$48.77 /

-0.32 (-0.65%)

08/11/21 Deutsche Bank
Carlyle Group upgraded to Buy on durable earnings power at Deutsche Bank
08/11/21 Deutsche Bank
Carlyle Group upgraded to Buy from Hold at Deutsche Bank
07/12/21 Deutsche Bank
Carlyle Group price target raised to $51 from $45 at Deutsche Bank
07/12/21 Citi
Carlyle Group price target raised to $54.50 from $51.50 at Citi
BX Blackstone
$128.72 /

-0.69 (-0.53%)

09/03/21 Evercore ISI
Gates Industrial initiated with an Outperform at Evercore ISI
08/12/21 TD Securities
WPT Industrial REIT downgraded to Hold from Buy at TD Securities
08/11/21 Deutsche Bank
Blackstone upgraded to Buy on durable earnings power at Deutsche Bank
08/11/21 Deutsche Bank
Blackstone upgraded to Buy from Hold at Deutsche Bank
ARES Ares Management
$78.99 /

-0.74 (-0.93%)

09/10/21 Morgan Stanley
Ares Management resumed with an Equal Weight at Morgan Stanley
08/13/21 BMO Capital
Ares Management price target raised to $85 from $77 at BMO Capital
08/03/21 RBC Capital
Ares Management price target raised to $80 from $71 at RBC Capital
06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
CG Carlyle Group
$48.77 /

-0.32 (-0.65%)

BX Blackstone
$128.72 /

-0.69 (-0.53%)

ARES Ares Management
$78.99 /

-0.74 (-0.93%)

  • 19
    May
  • 06
    Apr
  • 12
    Mar
CG Carlyle Group
$48.77 /

-0.32 (-0.65%)

BX Blackstone
$128.72 /

-0.69 (-0.53%)

CG Carlyle Group
$48.77 /

-0.32 (-0.65%)

BX Blackstone
$128.72 /

-0.69 (-0.53%)

ARES Ares Management
$78.99 /

-0.74 (-0.93%)

BX Blackstone
$128.72 /

-0.69 (-0.53%)

Over a week ago
Initiation
Ares Management resumed with an Equal Weight at Morgan Stanley » 06:41
09/10/21
09/10
06:41
09/10/21
06:41
ARES

Ares Management

$79.73 /

-0.18 (-0.23%)

Morgan Stanley analyst…

Morgan Stanley analyst Michael Cyprys resumed coverage of Ares Management with an Equal Weight rating and $90 price target. While he sees a path for fee-related earnings to reach $1.3B in 2025, his forecasts are in-line with consensus and he sees strong growth prospects being "largely priced in," Cyprys tells investors. He also sees less scope for upward revisions given his view of the potential for greater competition, the analyst added.

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ARES Ares Management
$79.73 /

-0.18 (-0.23%)

ARES Ares Management
$79.73 /

-0.18 (-0.23%)

08/13/21 BMO Capital
Ares Management price target raised to $85 from $77 at BMO Capital
08/03/21 RBC Capital
Ares Management price target raised to $80 from $71 at RBC Capital
06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
ARES Ares Management
$79.73 /

-0.18 (-0.23%)

  • 06
    Apr
ARES Ares Management
$79.73 /

-0.18 (-0.23%)

Hot Stocks
Ares Management appoints four to further expand net lease activity » 06:37
09/07/21
09/07
06:37
09/07/21
06:37
ARES

Ares Management

$79.32 /

+0.555 (+0.70%)

, O

Realty Income

$72.29 /

-0.39 (-0.54%)

, APO

Apollo Global

$61.79 /

+0.62 (+1.01%)

Ares Management…

Ares Management Corporation announced that John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares' presence and activity in net lease and related investment opportunities. These additions reflect Ares' view of the compelling investment opportunities in the $12T net lease market in the U.S. and Europe as well as the Company's continued commitment to enhance its capabilities across the platform. Ares' net lease team is a joint initiative between Ares' Alternative Credit strategy and its Real Estate Group, building on Ares' long history of sourcing and managing net lease assets across these platforms. Ares has significant experience in the asset class with more than $4 billion in net lease investments made in the last year. Messrs. Case, Fox, Tomlinson and Chun will be based in San Diego and will work collaboratively to leverage the insights across both Ares' Alternative Credit strategy and its Real Estate Group. In addition, the team will leverage the experience and relationships of Ares' Credit Group and Private Equity Group to help source compelling opportunities that draw on the competitive advantages of the entire Ares platform. The team will be responsible for advancing the net lease strategy, acquiring properties, developing innovative capital solutions and structuring investments. The team will also be a resource for managing Ares' existing portfolio of net lease assets. Case joins as a Partner and Senior Advisor and will work with the Company on a part-time basis. Prior to joining Ares, Mr. Case served as Chief Executive Officer and Director of Realty Income Corporation from 2013 to 2018. Fox joins as a Managing Director. Prior to joining Ares, Mr. Fox was Executive Vice President, Asset Management and Operations at Realty Income, Tomlinson joins as a Managing Director. Prior to joining Ares, Mr. Tomlinson was previously a Partner at Apollo Global Management, where he helped build and operate the Apollo Net Lease Capital Corporation. Chun joins as a Principal. Prior to joining Ares in 2021, Mr. Chun was Senior Vice President, Investments & Head of Asset Management at Realty Income.

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O Realty Income
$72.29 /

-0.39 (-0.54%)

ARES Ares Management
$79.32 /

+0.555 (+0.70%)

APO Apollo Global
$61.79 /

+0.62 (+1.01%)

ARES Ares Management
$79.32 /

+0.555 (+0.70%)

08/13/21 BMO Capital
Ares Management price target raised to $85 from $77 at BMO Capital
08/03/21 RBC Capital
Ares Management price target raised to $80 from $71 at RBC Capital
06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
O Realty Income
$72.29 /

-0.39 (-0.54%)

08/24/21 Mizuho
Realty Income price target raised to $81 from $77 at Mizuho
06/14/21 Wolfe Research
Realty Income initiated with a Peer Perform at Wolfe Research
06/03/21 Mizuho
Realty Income upgraded to Buy from Neutral at Mizuho
05/06/21 BMO Capital
Vereit downgraded to Market Perform from Outperform at BMO Capital
APO Apollo Global
$61.79 /

+0.62 (+1.01%)

08/05/21 Oppenheimer
Apollo Global price target raised to $67 from $62 at Oppenheimer
08/03/21 Morgan Stanley
Apollo Global, Nasdaq named Diversified Financials Top Picks at Morgan Stanley
07/15/21 Morgan Stanley
Athene Holding downgraded to Equal Weight from Overweight at Morgan Stanley
07/12/21 Citi
Apollo Global price target raised to $76 from $72 at Citi
O Realty Income
$72.29 /

-0.39 (-0.54%)

ARES Ares Management
$79.32 /

+0.555 (+0.70%)

APO Apollo Global
$61.79 /

+0.62 (+1.01%)

  • 01
    Jul
  • 06
    Apr
  • 12
    Jan
APO Apollo Global
$61.79 /

+0.62 (+1.01%)

O Realty Income
$72.29 /

-0.39 (-0.54%)

ARES Ares Management
$79.32 /

+0.555 (+0.70%)

APO Apollo Global
$61.79 /

+0.62 (+1.01%)

APO Apollo Global
$61.79 /

+0.62 (+1.01%)

Over a month ago
Recommendations
Ares Management price target raised to $85 from $77 at BMO Capital » 07:02
08/13/21
08/13
07:02
08/13/21
07:02
ARES

Ares Management

$71.95 /

+0.98 (+1.38%)

BMO Capital analyst Rufus…

BMO Capital analyst Rufus Hone raised the firm's price target on Ares Management to $85 from $77 and keeps an Outperform rating on the shares. The analyst cites the company's new medium-term financial targets announced at its investor day which outlined an organic path to over $500B in AUM and which implies an about 20% CAGR. The outsized organic AUM growth should drive above-consensus fee related earnings over the medium term, Hone adds.

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ARES Ares Management
$71.95 /

+0.98 (+1.38%)

ARES Ares Management
$71.95 /

+0.98 (+1.38%)

08/03/21 RBC Capital
Ares Management price target raised to $80 from $71 at RBC Capital
06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
04/12/21 Barclays
Ares Management price target raised to $62 from $58 at Barclays
ARES Ares Management
$71.95 /

+0.98 (+1.38%)

  • 06
    Apr
ARES Ares Management
$71.95 /

+0.98 (+1.38%)

Conference/Events
Ares Management to host virtual investor day » 07:55
08/12/21
08/12
07:55
08/12/21
07:55
ARES

Ares Management

$70.99 /

-1.04 (-1.44%)

Virtual Investor Day to…

Virtual Investor Day to be held on August 12 at 8 am. Webcast Link

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ARES Ares Management
$70.99 /

-1.04 (-1.44%)

ARES Ares Management
$70.99 /

-1.04 (-1.44%)

08/03/21 RBC Capital
Ares Management price target raised to $80 from $71 at RBC Capital
06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
04/12/21 Barclays
Ares Management price target raised to $62 from $58 at Barclays
ARES Ares Management
$70.99 /

-1.04 (-1.44%)

  • 06
    Apr
ARES Ares Management
$70.99 /

-1.04 (-1.44%)

Conference/Events
Ares Management to host virtual investor day » 04:55
08/12/21
08/12
04:55
08/12/21
04:55
ARES

Ares Management

$70.99 /

-1.04 (-1.44%)

Virtual Investor Day to…

Virtual Investor Day to be held on August 12 at 8 am. Webcast Link

ShowHide Related Items >><<
ARES Ares Management
$70.99 /

-1.04 (-1.44%)

ARES Ares Management
$70.99 /

-1.04 (-1.44%)

08/03/21 RBC Capital
Ares Management price target raised to $80 from $71 at RBC Capital
06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
04/12/21 Barclays
Ares Management price target raised to $62 from $58 at Barclays
ARES Ares Management
$70.99 /

-1.04 (-1.44%)

  • 06
    Apr
ARES Ares Management
$70.99 /

-1.04 (-1.44%)

Conference/Events
Ares Management to host virtual investor day » 16:59
08/11/21
08/11
16:59
08/11/21
16:59
ARES

Ares Management

$70.99 /

-1.04 (-1.44%)

Virtual Investor Day to…

Virtual Investor Day to be held on August 12 at 8 am. Webcast Link

ShowHide Related Items >><<
ARES Ares Management
$70.99 /

-1.04 (-1.44%)

ARES Ares Management
$70.99 /

-1.04 (-1.44%)

08/03/21 RBC Capital
Ares Management price target raised to $80 from $71 at RBC Capital
06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
04/12/21 Barclays
Ares Management price target raised to $62 from $58 at Barclays
ARES Ares Management
$70.99 /

-1.04 (-1.44%)

  • 06
    Apr
ARES Ares Management
$70.99 /

-1.04 (-1.44%)

Recommendations
Ares Management price target raised to $80 from $71 at RBC Capital » 06:32
08/03/21
08/03
06:32
08/03/21
06:32
ARES

Ares Management

$70.83 /

-0.705 (-0.99%)

RBC Capital analyst…

RBC Capital analyst Kenneth Lee raised the firm's price target on Ares Management to $80 from $71 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company's strong fundraising momentum continued in the quarter and the market backdrop remains conducive to opportunistic portfolio realizations, the analyst tells investors in a research note. Lee adds that he is positive on Ares's exposure to private credit and sees substantial growth for its fee-related earnings over the long-term.

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ARES Ares Management
$70.83 /

-0.705 (-0.99%)

ARES Ares Management
$70.83 /

-0.705 (-0.99%)

06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
04/12/21 Barclays
Ares Management price target raised to $62 from $58 at Barclays
03/29/21
Fly Intel: Top five analyst downgrades
ARES Ares Management
$70.83 /

-0.705 (-0.99%)

  • 06
    Apr
ARES Ares Management
$70.83 /

-0.705 (-0.99%)

Earnings
Ares Management reports Q2 realized EPS 64c, consensus 51c » 06:08
07/29/21
07/29
06:08
07/29/21
06:08
ARES

Ares Management

$68.68 /

+1.165 (+1.73%)

"Our uniquely…

"Our uniquely positioned and differentiated business model delivered record results across nearly every financial metric for the second quarter, including quarterly records for fee related earnings, capital raising and fund appreciation," said CEO Michael Arougheti. "During Q2, we raised over $20B of capital which supported strong growth in our AUM to a record $248B, up 56% on a year-over-year basis". "Q2 is not only our 17th consecutive quarter of sequential quarter fee related earnings growth, but also reflects exceptional financial results with fee related earnings and realized income increasing 52% and 80%, respectively, year-over-year," said COO and CFO Michael McFerran. "Q2 also demonstrated the continued benefits of our operational scale with our fee related earnings margin expanding from 35% to approximately 39% over the past four quarters."

ShowHide Related Items >><<
ARES Ares Management
$68.68 /

+1.165 (+1.73%)

ARES Ares Management
$68.68 /

+1.165 (+1.73%)

06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
04/12/21 Barclays
Ares Management price target raised to $62 from $58 at Barclays
03/29/21
Fly Intel: Top five analyst downgrades
ARES Ares Management
$68.68 /

+1.165 (+1.73%)

  • 06
    Apr
ARES Ares Management
$68.68 /

+1.165 (+1.73%)

Hot Stocks
Ares Capital prices public offering » 06:03
07/29/21
07/29
06:03
07/29/21
06:03
ARES

Ares Management

$68.68 /

+1.165 (+1.73%)

, ARCC

Ares Capital

$20.39 /

+0.28 (+1.39%)

Ares Capital (ARCC) has…

Ares Capital (ARCC) has priced a public offering of 12,500,000 shares of its common stock. Ares Capital has granted the underwriters an option to purchase up to an additional 1,875,000 shares of common stock. The offering is expected to close on August 2. The offering of the shares is being made under Ares Capital's shelf registration statement filed with the SEC on June 3. On July 28, the official close price of Ares Capital's common stock on NASDAQ was $20.38 per share. Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its credit facilities. Ares Capital may reborrow under its credit facilities for general corporate purposes, which include investing in portfolio companies in accordance with its investment objective.

ShowHide Related Items >><<
ARES Ares Management
$68.68 /

+1.165 (+1.73%)

ARCC Ares Capital
$20.39 /

+0.28 (+1.39%)

ARES Ares Management
$68.68 /

+1.165 (+1.73%)

06/07/21 BMO Capital
Ares Management upgraded to Outperform from Market Perform at BMO Capital
04/12/21 Wells Fargo
Ares Management price target raised to $71 from $68 at Wells Fargo
04/12/21 Barclays
Ares Management price target raised to $62 from $58 at Barclays
03/29/21
Fly Intel: Top five analyst downgrades
ARCC Ares Capital
$20.39 /

+0.28 (+1.39%)

03/17/21 JPMorgan
Ares Capital price target raised to $19 from $18 at JPMorgan
02/11/21 Citi
Ares Capital price target raised to $20 from $17 at Citi
12/10/20 JPMorgan
Ares Capital downgraded to Neutral from Overweight at JPMorgan
12/10/20 Barclays
Ares Capital downgraded to Equal Weight from Overweight at Barclays
ARES Ares Management
$68.68 /

+1.165 (+1.73%)

ARCC Ares Capital
$20.39 /

+0.28 (+1.39%)

  • 29
    Jul
  • 06
    Apr
  • 11
    Feb
ARES Ares Management
$68.68 /

+1.165 (+1.73%)

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