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

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

IRS has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. Itau BBA Securities began coverage on IRSA Inversiones Y Representaciones in a research note on Thursday. They issued an “outperform” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRS stock opened at $17.08 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 3.44 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 quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $16.09 and a 200 day moving average price of $14.74.

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

IRSA Inversiones Y Representaciones Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp acquired a new stake in shares of IRSA Inversiones Y Representaciones during the third quarter worth about $25,000. Crocodile Capital Partners GmbH increased its stake 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 worth $647,000 after purchasing an additional 2,890 shares in the last quarter. Verition Fund Management LLC raised its holdings in IRSA Inversiones Y Representaciones by 23.2% during the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock worth $198,000 after buying an additional 3,148 shares during the period. Ping Capital Management Inc. raised its holdings in IRSA Inversiones Y Representaciones by 3.7% during the 4th quarter. Ping Capital Management Inc. now owns 96,648 shares of the financial services provider’s stock worth $1,599,000 after buying an additional 3,448 shares during the period. Finally, Systrade AG lifted its stake in IRSA Inversiones Y Representaciones by 8.9% in the fourth quarter. Systrade AG now owns 119,780 shares of the financial services provider’s stock valued at $1,981,000 after buying an additional 9,780 shares in the last quarter. 45.46% of the stock is owned by institutional investors and hedge funds.

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.