Griffin Industrial Realty (NASDAQ:GRIF) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Griffin Industrial Realty (NASDAQ:GRIF) from a hold rating to a buy rating in a research note published on Thursday morning, ValuEngine reports.

GRIF traded down $0.77 during midday trading on Thursday, hitting $38.73. 1 shares of the company’s stock traded hands, compared to its average volume of 5,706. The stock has a market capitalization of $200.37 million, a P/E ratio of 41.58 and a beta of 0.74. The company’s fifty day moving average price is $37.18. Griffin Industrial Realty has a one year low of $27.98 and a one year high of $43.18.

Griffin Industrial Realty (NASDAQ:GRIF) last issued its quarterly earnings data on Tuesday, July 9th. The financial services provider reported $1.12 earnings per share for the quarter. The firm had revenue of $17.08 million for the quarter. Griffin Industrial Realty had a net margin of 11.62% and a return on equity of 5.10%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Teton Advisors Inc. raised its position in shares of Griffin Industrial Realty by 0.5% in the first quarter. Teton Advisors Inc. now owns 281,058 shares of the financial services provider’s stock valued at $9,795,000 after purchasing an additional 1,458 shares during the period. Advisor Group Inc. bought a new position in shares of Griffin Industrial Realty in the fourth quarter valued at approximately $64,000. BlackRock Inc. raised its position in shares of Griffin Industrial Realty by 1.4% in the fourth quarter. BlackRock Inc. now owns 116,173 shares of the financial services provider’s stock valued at $3,705,000 after purchasing an additional 1,640 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Griffin Industrial Realty by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 215,996 shares of the financial services provider’s stock valued at $6,890,000 after purchasing an additional 2,114 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Griffin Industrial Realty in the first quarter valued at approximately $38,000. 47.02% of the stock is currently owned by hedge funds and other institutional investors.

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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