Thomas M. Lescalleet Sells 2,500 Shares of Griffin Industrial Realty, Inc. (GRIF) Stock

Griffin Industrial Realty, Inc. (NASDAQ:GRIF) SVP Thomas M. Lescalleet sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $35.80, for a total value of $89,500.00. Following the sale, the senior vice president now directly owns 2,488 shares of the company’s stock, valued at $89,070.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

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Large investors have recently bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Griffin Industrial Realty by 10.0% during the second 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. Vanguard Group Inc. grew its holdings in 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 worth $931,000 after buying an additional 21,468 shares in the last quarter. Finally, Teton Advisors Inc. grew its holdings in 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 worth $8,138,000 after buying an additional 2,687 shares in the last quarter. 48.67% of the stock is owned by institutional investors.

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

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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