Griffin Industrial Realty, Inc. (GRIF) Releases Quarterly Earnings Results

Griffin Industrial Realty, Inc. (NASDAQ:GRIF) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.26 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $9.95 million for the quarter. Griffin Industrial Realty had a net margin of 11.89% and a return on equity of 5.59%.

Griffin Industrial Realty (NASDAQ GRIF) opened at 37.10 on Wednesday. Griffin Industrial Realty has a one year low of $27.57 and a one year high of $37.10. The firm has a market cap of $185.50 million, a price-to-earnings ratio of 37.10 and a beta of 1.32. The stock’s 50 day moving average is $35.60 and its 200 day moving average is $32.49.

A number of analysts have commented on the stock. TheStreet raised shares of Griffin Industrial Realty from a “c” rating to a “b-” rating in a research report on Monday, July 10th. ValuEngine raised shares of Griffin Industrial Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.

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An institutional investor recently raised its position in Griffin Industrial Realty stock. Northern Trust Corp grew its position in Griffin Industrial Realty, Inc. (NASDAQ:GRIF) by 10.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 23,195 shares of the financial services provider’s stock after buying an additional 2,111 shares during the period. Northern Trust Corp owned approximately 0.46% of Griffin Industrial Realty worth $735,000 as of its most recent SEC filing. Institutional investors own 48.67% of the company’s stock.

About Griffin Industrial Realty

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.

Earnings History for Griffin Industrial Realty (NASDAQ:GRIF)

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