Intergroup (NASDAQ:INTG) Stock Rating Upgraded by Wall Street Zen

Intergroup (NASDAQ:INTG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

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

Intergroup Stock Performance

Shares of INTG stock opened at $27.87 on Friday. The firm has a market capitalization of $59.92 million, a price-to-earnings ratio of 39.25 and a beta of 0.06. Intergroup has a one year low of $18.83 and a one year high of $52.00. The company has a 50 day moving average price of $33.86 and a 200 day moving average price of $36.81.

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 firm had revenue of $18.36 million for the quarter.

Institutional Investors Weigh In On Intergroup

An institutional investor recently bought a new stake in Intergroup stock. BlackRock Inc. acquired a new position in shares of The Intergroup Corporation (NASDAQ:INTG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,216 shares of the financial services provider’s stock, valued at approximately $106,000. BlackRock Inc. owned about 0.10% of Intergroup as of its most recent SEC filing. 3.36% of the stock is owned by institutional investors.

Intergroup Company Profile

The InterGroup Corporation (NASDAQ: INTG) is a diversified real estate company focused primarily on the ownership, development and management of real estate assets. Its activities have historically centered on commercial properties, including office and retail spaces, as well as related real estate investments.

Through its subsidiaries and investments, the company has also been involved in hotel and residential real estate operations. Its properties and business interests have primarily been located in Southern California, although the scope of its investments may vary over time.

The InterGroup Corporation is led by John V.