Griffin Industrial Realty, Inc. (GRIF) Major Shareholder Sells $361,500.00 in Stock

Griffin Industrial Realty, Inc. (NASDAQ:GRIF) major shareholder Susan Cullman sold 10,000 shares of Griffin Industrial Realty stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $36.15, for a total transaction of $361,500.00. Following the completion of the transaction, the insider now directly owns 1,000 shares of the company’s stock, valued at $36,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Griffin Industrial Realty, Inc. (GRIF) traded up 1.4367% on Monday, reaching $35.9999. 11,242 shares of the company’s stock traded hands. Griffin Industrial Realty, Inc. has a 12-month low of $27.57 and a 12-month high of $37.20. The company has a market cap of $180.00 million, a PE ratio of 28.1030 and a beta of 1.32. The stock has a 50-day moving average price of $36.23 and a 200-day moving average price of $32.93.

Griffin Industrial Realty (NASDAQ:GRIF) last announced its quarterly earnings data on Tuesday, October 10th. The financial services provider reported $0.26 EPS for the quarter. The firm had revenue of $9.95 million during the quarter. Griffin Industrial Realty had a net margin of 14.22% and a return on equity of 7.03%.

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Separately, TheStreet cut shares of Griffin Industrial Realty from a “b-” rating to a “c+” rating in a report on Monday, October 23rd.

Several institutional investors have recently made changes to their positions in GRIF. Vanguard Group Inc. raised its position in shares of Griffin Industrial Realty by 261.0% in the 2nd quarter. Vanguard Group Inc. now owns 29,693 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 21,468 shares during the last quarter. Teton Advisors Inc. raised its position in shares of Griffin Industrial Realty by 1.1% in the 2nd quarter. Teton Advisors Inc. now owns 256,947 shares of the financial services provider’s stock valued at $8,138,000 after purchasing an additional 2,687 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Griffin Industrial Realty by 10.0% in the 2nd quarter. Northern Trust Corp now owns 23,195 shares of the financial services provider’s stock valued at $735,000 after purchasing an additional 2,111 shares during the last quarter. 48.67% of the stock is owned by hedge funds and other institutional investors.

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.

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