Thomas M. Lescalleet Sells 2,500 Shares of Griffin Industrial Realty, Inc. (GRIF) Stock

Griffin Industrial Realty, Inc. (NASDAQ:GRIF) SVP Thomas M. Lescalleet sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $35.80, for a total value of $89,500.00. Following the transaction, the senior vice president now owns 2,488 shares of the company’s stock, valued at $89,070.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Griffin Industrial Realty, Inc. (GRIF) traded down 1.08% on Wednesday, hitting $36.70. The stock had a trading volume of 4,771 shares. The company has a 50-day moving average of $36.26 and a 200 day moving average of $33.02. The company has a market cap of $183.50 million, a PE ratio of 28.65 and a beta of 1.32. Griffin Industrial Realty, Inc. has a 12 month low of $27.57 and a 12 month high of $37.20.

Griffin Industrial Realty (NASDAQ:GRIF) last released its quarterly earnings data on Tuesday, October 10th. The financial services provider reported $0.26 earnings per share for the quarter. The company had revenue of $9.95 million for the quarter. Griffin Industrial Realty had a return on equity of 7.03% and a net margin of 14.22%.

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Separately, TheStreet upgraded Griffin Industrial Realty from a “c” rating to a “b-” rating in a research report on Monday, July 10th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in Griffin Industrial Realty by 10.0% during the second quarter. Northern Trust Corp now owns 23,195 shares of the financial services provider’s stock worth $735,000 after buying an additional 2,111 shares during the last quarter. Vanguard Group Inc. boosted its stake in Griffin Industrial Realty by 261.0% during the second quarter. Vanguard Group Inc. now owns 29,693 shares of the financial services provider’s stock worth $931,000 after buying an additional 21,468 shares during the last quarter. Finally, Teton Advisors Inc. boosted its stake in Griffin Industrial Realty by 1.1% during the second quarter. Teton Advisors Inc. now owns 256,947 shares of the financial services provider’s stock worth $8,138,000 after buying an additional 2,687 shares during the last quarter. 48.67% of the stock is currently owned by institutional investors.

Griffin Industrial Realty Company Profile

Griffin Industrial Realty, Inc is engaged in real estate business. The Company is principally engaged in developing, managing and leasing industrial/warehouse properties and office/flex properties. As of November 30, 2016, the Company owned 33 buildings comprising approximately 3,297,000 square feet that was 93% leased.

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