IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Announces — Dividend of $3.60

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

IRSA Inversiones y Representaciones Sociedad Anónima stock opened at $16.86 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.26 billion, a P/E ratio of -3.65 and a beta of 1.28. The stock’s 50 day moving average is $13.23 and its 200 day moving average is $11.14. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.10 and a twelve month high of $17.11.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly 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 positive return on equity of 8.91% and a negative net margin of 79.31%.

Analyst Upgrades and Downgrades

Several 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 upped their price objective for the company from $10.50 to $13.00 in a research report on Wednesday, August 14th. StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research 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.