BlackRock Inc. grew its holdings in shares of Griffin Industrial Realty Inc (NASDAQ:GRIF) by 15.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,732 shares of the financial services provider’s stock after purchasing an additional 15,352 shares during the quarter. BlackRock Inc. owned approximately 2.26% of Griffin Industrial Realty worth $5,003,000 at the end of the most recent quarter.
Shares of GRIF opened at $35.40 on Friday. Griffin Industrial Realty Inc has a twelve month low of $33.95 and a twelve month high of $46.50.
Griffin Industrial Realty (NASDAQ:GRIF) last issued its earnings results on Tuesday, October 9th. The financial services provider reported ($0.02) earnings per share for the quarter. The firm had revenue of $8.00 million during the quarter. Griffin Industrial Realty had a negative return on equity of 1.06% and a negative net margin of 5.85%.
Separately, TheStreet lowered Griffin Industrial Realty from a “b-” rating to a “c+” rating in a research report on Monday, July 23rd.
In related news, SVP Thomas M. Lescalleet sold 3,322 shares of the stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $36.00, for a total value of $119,592.00. Following the transaction, the senior vice president now directly owns 3,322 shares of the company’s stock, valued at approximately $119,592. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas M. Lescalleet sold 1,076 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $39.52, for a total value of $42,523.52. Following the completion of the transaction, the senior vice president now directly owns 976 shares in the company, valued at $38,571.52. The disclosure for this sale can be found here. Insiders sold a total of 11,970 shares of company stock worth $448,307 over the last ninety days. Corporate insiders own 28.00% of the company’s stock.
Griffin Industrial Realty Profile
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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