IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $17.92 and last traded at $16.60, with a volume of 163199 shares. The stock had previously closed at $17.18.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.
Check Out Our Latest Report on IRSA Inversiones y Representaciones Sociedad Anónima
IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 0.3 %
IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend
The business also recently declared a — dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were issued a dividend of $3.60 per share. This is a boost from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date of this dividend was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is currently -21.52%.
Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima
Several hedge funds and other institutional investors have recently modified their holdings of IRS. Secure Asset Management LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth approximately $771,000. BW Gestao de Investimentos Ltda. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $269,000. Ping Capital Management Inc. bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter valued at about $289,000. Sanctuary Advisors LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth about $473,000. Finally, GAMMA Investing LLC boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,419 shares in the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.
IRSA Inversiones y Representaciones Sociedad Anónima Company Profile
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.
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