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. Stockholders of record on Friday, November 29th will be given 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 Trading Down 0.1 %

NYSE:IRS opened at $16.34 on Friday. The company has a market cap of $1.22 billion, a PE ratio of -3.52 and a beta of 1.28. The business’s 50 day moving average is $12.78 and its two-hundred day moving average is $10.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. IRSA Inversiones y Representaciones Sociedad Anónima has a 52 week low of $7.08 and a 52 week high of $16.76.

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 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 business had revenue of $129.87 million during the quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on IRS shares. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and increased their price objective for the stock from $10.50 to $13.00 in a report on Wednesday, August 14th. StockNews.com lowered IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

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.