IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Hits New 12-Month High – Should You Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $17.67 and last traded at $17.45, with a volume of 174020 shares. The stock had previously closed at $17.10.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IRS shares. 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 upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their price objective for the company from $10.50 to $13.00 in a research note on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50 day simple moving average is $13.97 and its 200-day simple moving average is $11.43.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company also recently declared a — dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be paid a $3.60 dividend. This is an increase from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date is Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is -21.53%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors have recently made changes to their positions in the business. Mirabella Financial Services LLP bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at $877,000. GAMMA Investing LLC grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,419 shares during the period. Secure Asset Management LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth about $771,000. Systrade AG bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $1,138,000. Finally, Sanctuary Advisors LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at approximately $473,000. Institutional investors own 45.46% of the company’s stock.

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.