Griffin Industrial Realty, Inc. (GRIF) Issues Earnings Results
Griffin Industrial Realty, Inc. (NASDAQ:GRIF) released its quarterly earnings data on Tuesday. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The business had revenue of $9.95 million during the quarter. Griffin Industrial Realty had a net margin of 11.89% and a return on equity of 5.59%.
Shares of Griffin Industrial Realty (GRIF) opened at 37.10 on Wednesday. Griffin Industrial Realty has a 12-month low of $27.57 and a 12-month high of $37.10. The company has a market capitalization of $185.50 million, a price-to-earnings ratio of 37.10 and a beta of 1.32. The firm’s 50-day moving average is $35.60 and its 200-day moving average is $32.49.
An institutional investor recently raised its position in Griffin Industrial Realty stock. Vanguard Group Inc. boosted its stake in Griffin Industrial Realty, Inc. (NASDAQ:GRIF) by 261.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,693 shares of the financial services provider’s stock after purchasing an additional 21,468 shares during the quarter. Vanguard Group Inc. owned about 0.59% of Griffin Industrial Realty worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 48.67% of the stock is currently owned by institutional investors.
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A number of equities analysts recently issued reports on GRIF shares. ValuEngine upgraded shares of Griffin Industrial Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. TheStreet upgraded shares of Griffin Industrial Realty from a “c” rating to a “b-” rating in a research report on Monday, July 10th.
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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