IRSA Inversiones Y Representaciones (NYSE:IRS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of IRSA Inversiones Y Representaciones (NYSE:IRS) from a hold rating to a buy rating in a report released on Sunday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

IRSA Inversiones Y Representaciones Price Performance

IRS stock opened at $16.96 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52. IRSA Inversiones Y Representaciones has a one year low of $10.61 and a one year high of $17.21. The stock has a market cap of $1.31 billion, a PE ratio of 3.41 and a beta of 1.49. The firm has a 50 day simple moving average of $15.67 and a two-hundred day simple moving average of $14.48.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings data on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a net margin of 86.65% and a return on equity of 27.35%. The firm had revenue of $93.69 million for the quarter.

IRSA Inversiones Y Representaciones Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 24th were paid a $1.4151 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a yield of 998.0%. IRSA Inversiones Y Representaciones’s payout ratio is currently 27.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IRS. Helikon Investments Ltd boosted its holdings in IRSA Inversiones Y Representaciones by 44.6% during the 3rd quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock valued at $40,540,000 after acquiring an additional 1,056,796 shares during the period. JPMorgan Chase & Co. lifted its position in IRSA Inversiones Y Representaciones by 170.0% in the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after purchasing an additional 577,280 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of IRSA Inversiones Y Representaciones by 202.5% during the third quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock valued at $5,971,000 after purchasing an additional 337,570 shares during the period. Millennium Management LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter valued at approximately $4,209,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of IRSA Inversiones Y Representaciones by 721.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock worth $2,196,000 after purchasing an additional 162,913 shares during the last quarter. 45.46% of the stock is owned by institutional investors.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.