Griffin Industrial Realty Inc (NASDAQ:GRIF) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 18,200 shares, an increase of 21.3% from the September 30th total of 15,000 shares. Based on an average daily trading volume, of 10,700 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the company’s stock are sold short.
Several large investors have recently added to or reduced their stakes in GRIF. SG Americas Securities LLC raised its stake in shares of Griffin Industrial Realty by 12.7% during the 2nd quarter. SG Americas Securities LLC now owns 6,081 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 685 shares during the period. Wells Fargo & Company MN increased its stake in Griffin Industrial Realty by 11.2% in the 2nd quarter. Wells Fargo & Company MN now owns 3,443 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 348 shares during the last quarter. Renaissance Technologies LLC increased its stake in Griffin Industrial Realty by 3.4% in the 2nd quarter. Renaissance Technologies LLC now owns 45,600 shares of the financial services provider’s stock worth $1,612,000 after acquiring an additional 1,500 shares during the last quarter. BlackRock Inc. increased its stake in Griffin Industrial Realty by 24.5% in the 2nd quarter. BlackRock Inc. now owns 141,604 shares of the financial services provider’s stock worth $5,006,000 after acquiring an additional 27,872 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Griffin Industrial Realty by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 119,740 shares of the financial services provider’s stock worth $4,232,000 after acquiring an additional 2,319 shares during the last quarter. Institutional investors own 48.97% of the company’s stock.
GRIF stock traded down $0.41 during midday trading on Friday, hitting $38.30. The company’s stock had a trading volume of 800 shares, compared to its average volume of 4,777. Griffin Industrial Realty has a 1 year low of $27.98 and a 1 year high of $41.00. The stock has a market cap of $198.49 million, a price-to-earnings ratio of 33.44 and a beta of 0.77. The stock’s 50-day moving average price is $38.16 and its 200 day moving average price is $37.38.
Griffin Industrial Realty (NASDAQ:GRIF) last released its quarterly earnings data on Wednesday, October 9th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. Griffin Industrial Realty had a return on equity of 6.33% and a net margin of 13.99%. The company had revenue of $8.90 million for the quarter.
Several research analysts recently issued reports on the company. ValuEngine cut Griffin Industrial Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. TheStreet raised Griffin Industrial Realty from a “c” rating to a “b-” rating in a research report on Wednesday, August 14th.
Griffin Industrial Realty Company Profile
Griffin Industrial Realty, Inc develops, manages, and leases industrial and commercial properties in the United States. As of November 30, 2018, the company owned 37 buildings comprising 25 industrial/warehouse buildings, 11 office/flex buildings, and a restaurant building. It also owns real estate properties in the Hartford, Connecticut area; the Lehigh Valley of Pennsylvania; and the greater Charlotte, North Carolina area, as well as Connecticut, Massachusetts, and Florida.
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