Griffin Industrial Realty Inc (GRIF) SVP Thomas M. Lescalleet Sells 2,400 Shares

Griffin Industrial Realty Inc (NASDAQ:GRIF) SVP Thomas M. Lescalleet sold 2,400 shares of Griffin Industrial Realty stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $38.06, for a total value of $91,344.00. Following the sale, the senior vice president now directly owns 2,400 shares in the company, valued at approximately $91,344. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of GRIF stock opened at $36.65 on Friday. Griffin Industrial Realty Inc has a one year low of $33.95 and a one year high of $46.50.

Griffin Industrial Realty (NASDAQ:GRIF) last announced its quarterly earnings results on Tuesday, October 9th. The financial services provider reported ($0.02) EPS for the quarter. The company had revenue of $8.00 million during the quarter. Griffin Industrial Realty had a negative net margin of 5.85% and a negative return on equity of 1.06%.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Griffin Industrial Realty by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 211,372 shares of the financial services provider’s stock valued at $9,298,000 after buying an additional 5,461 shares in the last quarter. BlackRock Inc. raised its position in Griffin Industrial Realty by 15.6% in the 2nd quarter. BlackRock Inc. now owns 113,732 shares of the financial services provider’s stock valued at $5,003,000 after purchasing an additional 15,352 shares during the last quarter. Renaissance Technologies LLC raised its position in Griffin Industrial Realty by 64.1% in the 2nd quarter. Renaissance Technologies LLC now owns 38,237 shares of the financial services provider’s stock valued at $1,682,000 after purchasing an additional 14,937 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in Griffin Industrial Realty in the 2nd quarter valued at $216,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. TheStreet lowered Griffin Industrial Realty from a “b-” rating to a “c+” rating in a report on Monday, July 23rd. ValuEngine lowered Griffin Industrial Realty from a “buy” rating to a “hold” rating in a report on Monday, July 2nd.

About Griffin Industrial Realty

Griffin Industrial Realty, Inc develops, manages, and leases industrial and commercial properties in the United States. As of November 30, 2017, the company owned 35 buildings comprising 23 industrial/warehouse buildings, 11 office/flex buildings, and a restaurant building. It also owns approximately 2,791 acres of land in Connecticut, as well as owns approximately 346 acres of land in Massachusetts, 131 acres of land in Pennsylvania, 18 acres in North Carolina, and 1,066 acres in northern Florida.

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