IRSA Inversiones Y Representaciones (NYSE:IRS) Releases Quarterly Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) announced its earnings results on Wednesday. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a return on equity of 27.35% and a net margin of 86.65%.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRSA Inversiones Y Representaciones stock traded down $0.79 during midday trading on Wednesday, hitting $15.97. 57,977 shares of the company traded hands, compared to its average volume of 168,232. The firm’s fifty day moving average price is $16.14 and its 200-day moving average price is $14.76. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 3.20 and a beta of 1.48. IRSA Inversiones Y Representaciones has a 12 month low of $10.61 and a 12 month high of $19.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.52 and a current ratio of 2.52.

IRSA Inversiones Y Representaciones Announces Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 24th were issued a dividend of $1.4151 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a dividend yield of 998.0%. IRSA Inversiones Y Representaciones’s payout ratio is 28.17%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of hedge funds have recently bought and sold shares of IRS. BNP Paribas Financial Markets grew its stake in IRSA Inversiones Y Representaciones by 202.5% in 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 acquiring an additional 337,570 shares during the period. Millennium Management LLC lifted its position in shares of IRSA Inversiones Y Representaciones by 9.1% during the third quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider’s stock worth $4,575,000 after acquiring an additional 32,180 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of IRSA Inversiones Y Representaciones by 200.7% in the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock valued at $4,730,000 after acquiring an additional 226,617 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of IRSA Inversiones Y Representaciones by 721.5% during 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 in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new position in shares of IRSA Inversiones Y Representaciones in the 3rd quarter worth about $1,301,000. Institutional investors own 45.46% of the company’s stock.

Analysts Set New Price Targets

IRS has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Itau BBA Securities upgraded IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, IRSA Inversiones Y Representaciones presently has an average rating of “Buy” and an average price target of $23.00.

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.