Insider Selling: Griffin Industrial Realty Inc (GRIF) SVP Sells $91,344.00 in Stock
Griffin Industrial Realty Inc (NASDAQ:GRIF) SVP Thomas M. Lescalleet sold 2,400 shares of Griffin Industrial Realty stock in a transaction on Monday, October 15th. The stock was sold at an average price of $38.06, for a total value of $91,344.00. Following the sale, the senior vice president now directly owns 2,400 shares of the company’s stock, valued at approximately $91,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
GRIF opened at $36.24 on Friday. Griffin Industrial Realty Inc has a fifty-two week low of $33.95 and a fifty-two week high of $46.50.
Griffin Industrial Realty (NASDAQ:GRIF) last posted its earnings results on Tuesday, October 9th. The financial services provider reported ($0.02) earnings per share for the quarter. Griffin Industrial Realty had a negative return on equity of 1.06% and a negative net margin of 5.85%. The firm had revenue of $8.00 million for the quarter.
A number of research firms have recently weighed in on GRIF. TheStreet downgraded Griffin Industrial Realty from a “b-” rating to a “c+” rating in a report on Monday, July 23rd. ValuEngine downgraded Griffin Industrial Realty from a “buy” rating to a “hold” rating in a report on Monday, July 2nd.
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, 2017, the company owned 35 buildings comprising 23 industrial/warehouse buildings, 11 office/flex buildings, and a restaurant building. It also owns approximately 2,791 acres of land in Connecticut, as well as owns approximately 346 acres of land in Massachusetts, 131 acres of land in Pennsylvania, 18 acres in North Carolina, and 1,066 acres in northern Florida.
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