IRSA Inversiones y Representaciones Sociedad Anónima (IRS) to Issue — Dividend of $3.60 on December 9th

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) announced a — dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 3.60 per share by the financial services provider on Monday, December 9th. The ex-dividend date is Friday, November 29th. This is a boost from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 4.5 %

Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock opened at $16.73 on Wednesday. The company has a market capitalization of $1.25 billion, a P/E ratio of -3.62 and a beta of 1.28. The stock has a fifty day simple moving average of $13.12 and a 200 day simple moving average of $11.10. IRSA Inversiones y Representaciones Sociedad Anónima has a 12-month low of $7.32 and a 12-month high of $16.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.91%. The firm had revenue of $129.87 million during the quarter.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IRS shares. Jefferies Financial Group upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.50 to $13.00 in a research note on Wednesday, August 14th. StockNews.com downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.