IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Raises Dividend to $3.60 Per Share

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 of this dividend is Friday, November 29th. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

NYSE IRS traded up $0.53 during mid-day trading on Wednesday, hitting $16.36. The stock had a trading volume of 152,210 shares, compared to its average volume of 154,172. IRSA Inversiones y Representaciones Sociedad Anónima has a 52-week low of $7.06 and a 52-week high of $16.37. The company has a 50 day simple moving average of $12.69 and a 200 day simple moving average of $10.91. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -3.49 and a beta of 1.28.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. The company had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.24%.

Analyst Ratings Changes

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

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.