Ares Management Corporation Class A (NYSE:ARES) traded at a new 52-week high today of $67.61. Approximately 99,000 shares have changed hands today, as compared to an average 30-day volume of 730,000 shares.
Ares Management Corp is an asset management company based in the United States. It offers investors investment-related advice and strategies for capital growth. The company’s operating segments include Credit Group, Private Equity Group, the Real Estate Group, and Strategic Initiatives. Its Credit Group generates maximum revenue, manages credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds, multi-asset credit, alternative credit investments, and direct lending. Private Equity Group manages investment strategies categorized as corporate private equity, infrastructure and power, special opportunities, and energy opportunities whereas, Real Estate Group is engaged in managing real estate equity and debt strategies.
Ares Management Corporation Class A (NYSE:ARES) is currently priced 45.4% above its average consensus analyst price target of $36.73.
Over the past year, Ares Management Corporation Class A has traded in a range of $38.25 to $67.61 and is now at $67.30, 76% above that low.
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