Wall Street Zen upgraded shares of Intergroup (NASDAQ:INTG – Free Report) from a hold rating to a buy rating in a research note released on Monday morning,Wall Street Zen reports.
Separately, Weiss Ratings upgraded shares of Intergroup from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Intergroup presently has an average rating of “Hold”.
Check Out Our Latest Analysis on INTG
Intergroup Stock Down 0.1%
Shares of NASDAQ INTG opened at $32.19 on Monday. Intergroup has a fifty-two week low of $24.96 and a fifty-two week high of $52.00. The firm’s 50-day simple moving average is $34.12 and its 200 day simple moving average is $36.31. The stock has a market cap of $69.18 million, a P/E ratio of 45.34 and a beta of 0.06.
Intergroup (NASDAQ:INTG – Get Free Report) last posted its quarterly earnings data on Monday, September 28th. The financial services provider reported $0.04 earnings per share for the quarter. The business had revenue of $18.36 million during the quarter. Intergroup had a net margin of 2.22% and a negative return on equity of 1.43%.
Institutional Trading of Intergroup
An institutional investor recently bought a new position in Intergroup stock. BlackRock Inc. bought a new position in The Intergroup Corporation (NASDAQ:INTG – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned approximately 0.10% of Intergroup at the end of the most recent reporting period. 3.36% of the stock is currently owned by institutional investors and hedge funds.
About Intergroup
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.
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