Intergroup (NASDAQ:INTG) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Intergroup (NASDAQ:INTG) from a hold rating to a buy rating in a research note published on Monday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised Intergroup from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Intergroup Trading Down 1.2%

Shares of INTG stock opened at $31.98 on Monday. The stock has a market capitalization of $68.76 million, a price-to-earnings ratio of 45.04 and a beta of 0.06. Intergroup has a 12-month low of $24.96 and a 12-month high of $52.00. The stock’s 50-day moving average price is $34.20 and its 200-day moving average price is $36.39.

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

Hedge Funds Weigh In On Intergroup

An institutional investor recently bought a new stake in Intergroup stock. BlackRock Inc. acquired a new position in The Intergroup Corporation (NASDAQ:INTG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned approximately 0.10% of Intergroup as of its most recent SEC filing. Hedge funds and other institutional investors own 3.36% of the company’s stock.

Intergroup Company Profile

The InterGroup Corporation is a diversified holding company focused primarily on real estate investment, development and management. Through its subsidiaries and affiliated companies, it has been involved in residential and commercial properties, property management activities and hotel operations.

The company’s real estate interests have included income-producing properties and hospitality assets in the United States. Its activities have historically included ownership, operation and development of properties, as well as investments in real estate-related businesses and securities.

The InterGroup Corporation is headquartered in Los Angeles, California.