Griffin Industrial Realty (NASDAQ:GRIF) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Griffin Industrial Realty (NASDAQ:GRIF) from a buy rating to a hold rating in a research report released on Monday, February 4th.

NASDAQ GRIF traded up $0.40 during trading hours on Monday, hitting $34.44. The company’s stock had a trading volume of 4,027 shares, compared to its average volume of 2,628. Griffin Industrial Realty has a twelve month low of $27.98 and a twelve month high of $46.50.

Griffin Industrial Realty (NASDAQ:GRIF) last issued its earnings results on Tuesday, February 12th. The financial services provider reported ($0.03) EPS for the quarter. Griffin Industrial Realty had a negative net margin of 4.89% and a negative return on equity of 0.68%. The firm had revenue of $8.40 million during the quarter.

Large investors have recently modified their holdings of the business. Advisor Group Inc. bought a new stake in Griffin Industrial Realty in the fourth quarter valued at approximately $64,000. Tower Research Capital LLC TRC bought a new stake in Griffin Industrial Realty in the third quarter valued at approximately $102,000. SG Americas Securities LLC bought a new stake in Griffin Industrial Realty in the fourth quarter valued at approximately $132,000. California Public Employees Retirement System bought a new stake in Griffin Industrial Realty in the second quarter valued at approximately $216,000. Finally, Renaissance Technologies LLC increased its stake in Griffin Industrial Realty by 9.6% in the third quarter. Renaissance Technologies LLC now owns 41,900 shares of the financial services provider’s stock valued at $1,634,000 after purchasing an additional 3,663 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

About Griffin Industrial Realty

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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