IRSA Propiedades Comerciales SA (NASDAQ:IRCP) declared a semiannual dividend on Tuesday, October 30th, Wall Street Journal reports. Stockholders of record on Thursday, November 8th will be given a dividend of 0.4687 per share by the financial services provider on Monday, November 19th. This represents a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, November 7th.

Shares of IRCP stock traded down $0.76 during mid-day trading on Tuesday, hitting $23.57. The company’s stock had a trading volume of 100 shares, compared to its average volume of 3,889. IRSA Propiedades Comerciales has a 52 week low of $22.35 and a 52 week high of $60.03. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.42. The firm has a market cap of $767.79 million, a PE ratio of 1.13 and a beta of 0.30.

IRSA Propiedades Comerciales (NASDAQ:IRCP) last posted its quarterly earnings data on Thursday, August 23rd. The financial services provider reported $4.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $2.13. IRSA Propiedades Comerciales had a return on equity of 52.00% and a net margin of 333.56%. The firm had revenue of $50.03 million during the quarter. On average, analysts forecast that IRSA Propiedades Comerciales will post 1.73 earnings per share for the current year.

Several research firms have recently weighed in on IRCP. Zacks Investment Research lowered IRSA Propiedades Comerciales from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 24th. JPMorgan Chase & Co. lowered IRSA Propiedades Comerciales from an “overweight” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research report on Wednesday, August 29th.

IRSA Propiedades Comerciales Company Profile

IRSA Propiedades Comerciales SA operates as an investment arm of IRSA Inversiones y Representaciones SA Alto Palermo SA engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires.

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