Intergroup (NASDAQ:INTG) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Intergroup from “Buy” to “Hold,” while Weiss Ratings separately raised its view from “Sell (D-)” to “Hold (C-).” The stock has a consensus “Hold” rating.
• Intergroup shares opened at $33.07, with a market capitalization of $71.1 million and a 52-week range of $24.96 to $52.00. The company reported quarterly EPS of $0.04 on revenue of $18.36 million.
• BlackRock initiated a position by purchasing 2,216 shares valued at approximately $106,000. Institutional investors and hedge funds collectively own 3.36% of Intergroup’s stock.

Intergroup (NASDAQ:INTG - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Tuesday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Intergroup from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Intergroup Price Performance

Shares of NASDAQ:INTG opened at $33.07 on Tuesday. The firm has a market capitalization of $71.10 million, a PE ratio of 46.58 and a beta of 0.06. The business has a 50 day simple moving average of $33.96 and a two-hundred day simple moving average of $34.89. Intergroup has a 1 year low of $24.96 and a 1 year high of $52.00.

Intergroup (NASDAQ:INTG - Get Free Report) last issued its quarterly earnings results on Monday, September 28th. The financial services provider reported $0.04 earnings per share (EPS) 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. bought a new position in The Intergroup Corporation (NASDAQ:INTG - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 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 quarter. 3.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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