IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Increases 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. 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 Price Performance

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

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 for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.91% and a negative net margin of 79.31%. The business had revenue of $129.87 million during the quarter.

Wall Street Analyst Weigh In

IRS has been the topic of a number of analyst reports. StockNews.com lowered shares of 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 shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.50 to $13.00 in a report on Wednesday, August 14th.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.