Intergroup (NASDAQ:INTG) Rating Lowered to “Hold” at Wall Street Zen

Intergroup (NASDAQ:INTG) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Tuesday, Wall Street Zen reports.

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

Intergroup Stock Up 8.2%

INTG opened at $37.70 on Tuesday. The stock’s fifty day moving average is $34.01 and its two-hundred day moving average is $34.97. The company has a market capitalization of $81.02 million, a P/E ratio of 53.10 and a beta of 0.06. Intergroup has a 52 week low of $24.96 and a 52 week high of $52.00.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Intergroup stock. BlackRock Inc. purchased a new position in The Intergroup Corporation (NASDAQ:INTG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned about 0.10% of Intergroup at the end of the most recent quarter. Institutional investors own 3.36% of the company’s stock.

About Intergroup

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.