Loans and equity financing
Search documents
RBC Capital Maintains Outperform Rating on Ares Capital (ARCC), Lowers Price Target to $23
Yahoo Finance· 2025-11-13 08:42
Core Insights - Ares Capital Corporation (NASDAQ:ARCC) is recognized as one of the 15 Extreme Dividend Stocks to Buy According to Hedge Funds [1] - RBC Capital has maintained an Outperform rating on Ares Capital while lowering the price target from $24 to $23 following the company's Q3 results [2] - The company reported core earnings of $0.50 per share in Q3, exceeding the regular quarterly dividend and achieving an annualized return on equity of 10% [3] Financial Performance - Ares Capital's net deployments in Q3 reached $1.3 billion, more than double the previous quarter, indicating a selective investment strategy [3] - The total portfolio at fair value increased to $28.7 billion at the end of Q3, up from $27.9 billion in Q2 and $25.9 billion a year ago [4] - Total commitments for Q4 are reported at $735 million, with a backlog reaching a record $3 billion [4]