Wall Street Zen lowered shares of Intergroup (NASDAQ:INTG – Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning,Wall Street Zen reports.
Separately, Weiss Ratings upgraded shares of Intergroup from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Intergroup currently has an average rating of “Hold”.
View Our Latest Report on Intergroup
Intergroup Trading Up 5.3%
Shares of Intergroup stock opened at $34.83 on Tuesday. The stock has a fifty day simple moving average of $33.95 and a 200 day simple moving average of $34.93. Intergroup has a 12-month low of $24.96 and a 12-month high of $52.00.
Intergroup (NASDAQ:INTG – Get Free Report) last released its quarterly earnings results on Monday, September 28th. The financial services provider reported $0.04 EPS for the quarter. 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. bought a new stake in The Intergroup Corporation (NASDAQ:INTG – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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. 3.36% of the stock is currently owned by institutional investors.
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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