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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) declared a — dividend on Wednesday, November 20th,Wall Street Journal reports. Shareholders 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 positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

Shares of NYSE:IRS opened at $16.34 on Thursday. The business’s 50 day simple moving average is $12.78 and its 200 day simple moving average is $10.95. IRSA Inversiones y Representaciones Sociedad Anónima has a 1 year low of $7.06 and a 1 year high of $16.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its quarterly earnings data 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 8.24%. The firm had revenue of $129.87 million for the quarter.

Analysts Set New Price Targets

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 raised 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.

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.