IRSA Inversiones Y Representaciones (NYSE:IRS) Downgraded by Wall Street Zen to “Hold”

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

Several other equities analysts have also recently issued reports on the stock. Itau BBA Securities started coverage on shares of IRSA Inversiones Y Representaciones in a research report on Thursday. They set an “outperform” rating and a $23.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.00.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRSA Inversiones Y Representaciones stock opened at $17.38 on Friday. The business has a 50 day moving average of $16.04 and a 200 day moving average of $14.73. IRSA Inversiones Y Representaciones has a 52 week low of $10.61 and a 52 week high of $19.14. The company has a market cap of $1.35 billion, a PE ratio of 3.50 and a beta of 1.49. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.30.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings results 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 business had revenue of $93.69 million for the quarter.

IRSA Inversiones Y Representaciones Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Glenorchy Capital Ltd boosted its holdings in IRSA Inversiones Y Representaciones by 23.8% in the fourth quarter. Glenorchy Capital Ltd now owns 53,599 shares of the financial services provider’s stock worth $887,000 after acquiring an additional 10,293 shares in the last quarter. Anchyra Partners LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the 4th quarter worth about $356,000. Systrade AG boosted its stake in IRSA Inversiones Y Representaciones by 8.9% in the 4th quarter. Systrade AG now owns 119,780 shares of the financial services provider’s stock worth $1,981,000 after purchasing an additional 9,780 shares in the last quarter. Crocodile Capital Partners GmbH grew its position in IRSA Inversiones Y Representaciones by 8.0% during the 4th quarter. Crocodile Capital Partners GmbH now owns 39,107 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 2,890 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in IRSA Inversiones Y Representaciones by 170.0% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

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.