Intergroup (NASDAQ:INTG) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Intergroup (NASDAQ:INTG) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Intergroup from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Intergroup Stock Performance

Shares of NASDAQ:INTG opened at $39.33 on Tuesday. The business’s 50-day simple moving average is $34.12 and its 200 day simple moving average is $35.03. The company has a market cap of $84.56 million, a P/E ratio of 55.40 and a beta of 0.06. Intergroup has a one year low of $24.96 and a one year high of $52.00.

Intergroup (NASDAQ:INTG) last released its quarterly earnings results on Monday, September 28th. The financial services provider reported $0.04 earnings per share for the quarter. The firm had revenue of $18.36 million during the quarter. Intergroup had a negative return on equity of 1.43% and a net margin of 2.22%.

Institutional Trading of Intergroup

A hedge fund recently bought a new position in Intergroup stock. BlackRock Inc. acquired a new stake in shares of The Intergroup Corporation (NASDAQ:INTG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned 0.10% of Intergroup at the end of the most recent reporting period. Institutional investors and hedge funds own 3.36% of the company’s stock.

Intergroup Company Profile

The InterGroup Corporation (NASDAQ: INTG) is a diversified holding company primarily focused on real estate operations and investments. Its real estate activities include the ownership, management and development of residential apartment properties, with an emphasis on generating rental income and managing property-related operations.

In addition to its real estate holdings, InterGroup invests in marketable securities and other financial assets. The company’s results may therefore reflect both the performance of its property portfolio and changes in the value of its investment holdings.

InterGroup is based in the United States and has historically operated primarily through real estate-related subsidiaries and investments.