Griffin Industrial Realty Inc (NASDAQ:GRIF) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 18,600 shares, a growth of 15.5% from the January 15th total of 16,100 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 5.2 days. Currently, 0.7% of the company’s stock are sold short.
Shares of NASDAQ GRIF traded up $0.34 during mid-day trading on Friday, reaching $41.90. 4,996 shares of the company traded hands, compared to its average volume of 3,523. The stock has a market cap of $212.86 million, a PE ratio of 35.21 and a beta of 0.75. The company’s fifty day moving average is $40.45 and its two-hundred day moving average is $38.67. Griffin Industrial Realty has a fifty-two week low of $31.86 and a fifty-two week high of $42.40.
Griffin Industrial Realty (NASDAQ:GRIF) last posted its earnings results on Thursday, February 13th. The financial services provider reported ($0.51) earnings per share for the quarter. The company had revenue of $8.76 million during the quarter. Griffin Industrial Realty had a return on equity of 6.33% and a net margin of 13.99%.
A number of hedge funds have recently made changes to their positions in GRIF. BlackRock Inc. increased its position in shares of Griffin Industrial Realty by 24.5% during the 2nd quarter. BlackRock Inc. now owns 141,604 shares of the financial services provider’s stock worth $5,006,000 after purchasing an additional 27,872 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Griffin Industrial Realty by 2.0% in the second quarter. Vanguard Group Inc. now owns 119,740 shares of the financial services provider’s stock valued at $4,232,000 after buying an additional 2,319 shares in the last quarter. State Street Corp grew its stake in shares of Griffin Industrial Realty by 6.8% in the fourth quarter. State Street Corp now owns 9,087 shares of the financial services provider’s stock valued at $359,000 after buying an additional 575 shares in the last quarter. Levin Capital Strategies L.P. acquired a new position in Griffin Industrial Realty during the fourth quarter worth $237,000. Finally, Barclays PLC increased its holdings in Griffin Industrial Realty by 91.6% during the fourth quarter. Barclays PLC now owns 977 shares of the financial services provider’s stock worth $38,000 after buying an additional 467 shares during the last quarter. Institutional investors own 48.23% of the company’s stock.
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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