Somewhat Positive Press Coverage Somewhat Unlikely to Impact Griffin Industrial Realty (GRIF) Stock Price
News coverage about Griffin Industrial Realty (NASDAQ:GRIF) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Griffin Industrial Realty earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.9303160207787 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, TheStreet lowered Griffin Industrial Realty from a “b-” rating to a “c+” rating in a research note on Monday, October 23rd.
Shares of Griffin Industrial Realty (NASDAQ GRIF) traded down $0.06 during midday trading on Tuesday, reaching $37.29. The company’s stock had a trading volume of 3,800 shares, compared to its average volume of 4,898. The company has a market cap of $186.79, a price-to-earnings ratio of 29.41 and a beta of 1.16. Griffin Industrial Realty has a 52-week low of $27.57 and a 52-week high of $37.40.
The company also recently declared an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, December 1st were paid a dividend of $0.40 per share. This is a positive change from Griffin Industrial Realty’s previous annual dividend of $0.30. This represents a yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 30th. Griffin Industrial Realty’s dividend payout ratio (DPR) is presently 31.50%.
In other news, SVP Thomas M. Lescalleet sold 2,500 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $35.80, for a total transaction of $89,500.00. Following the completion of the sale, the senior vice president now owns 2,488 shares in the company, valued at approximately $89,070.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Susan Cullman sold 10,000 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $36.15, for a total value of $361,500.00. Following the sale, the insider now owns 1,000 shares of the company’s stock, valued at approximately $36,150. The disclosure for this sale can be found here. Company insiders own 29.20% of the company’s stock.
Griffin Industrial Realty Company Profile
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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