Wells Fargo & Company MN boosted its holdings in shares of IRSA Propiedades Comerciales SA (NASDAQ:IRCP) by 365.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,111 shares of the financial services provider’s stock after buying an additional 223,889 shares during the quarter. Wells Fargo & Company MN owned approximately 0.91% of IRSA Propiedades Comerciales worth $15,895,000 as of its most recent SEC filing.
Separately, Verde Servicos Internacionais S.A. purchased a new position in IRSA Propiedades Comerciales during the fourth quarter valued at approximately $9,834,000. 7.32% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of IRSA Propiedades Comerciales in a report on Monday, November 27th. They set an “overweight” rating and a $77.00 price objective on the stock. Credit Suisse Group assumed coverage on shares of IRSA Propiedades Comerciales in a report on Monday. They set an “outperform” rating on the stock.
IRSA Propiedades Comerciales (NASDAQ:IRCP) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $20.35 earnings per share (EPS) for the quarter. The company had revenue of $117.26 million for the quarter. IRSA Propiedades Comerciales had a net margin of 285.41% and a return on equity of 51.08%.
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IRSA Propiedades Comerciales Company Profile
IRSA Propiedades Comerciales SA is a commercial real estate company in Argentina. The Company is engaged in the ownership, lease, management, development, operation and purchase of shopping centers and office buildings. It operates through four segments: Shopping Centers, which includes the results from its commercial exploitation and development of shopping centers, derived from the lease and the provision of services related to the lease of retail stores and other spaces in the shopping centers; Offices and Others, which includes the acquisition, development and management of office buildings and other rental properties in Argentina; Sales and Developments, which includes the results of sales of undeveloped parcels of land and/or trading properties, and Financial Operation and Others, which includes the financial activities carried out by the associate Tarshop SA The Sales and Developments segment also includes the results of the sales of real property intended for rent.
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