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ares management reports moderate buy rating and dividend increase
Ares Management Co. (NYSE: ARES) has a "Moderate Buy" rating with a consensus price target of $173.83. The company recently increased its quarterly dividend to $1.12 per share, reflecting a yield of 3.01%, while reporting a net margin of 11.35% and a return on equity of 16.64%. Despite missing EPS estimates, analysts forecast a 5.28 EPS for the current year, with institutional investors holding 50.03% of the stock.
ares management to acquire gcp international for 3.7 billion dollars
Ares Management is set to acquire GCP International for $3.7 billion, a move that will nearly double its real estate assets under management to approximately $96 billion. The deal, which includes $1.8 billion in cash, will enhance Ares' global presence and capabilities in high-growth sectors like industrial real estate and data centers. The transaction is expected to close in the first half of 2025.
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