BidaskClub Downgrades Griffin Industrial Realty (NASDAQ:GRIF) to Hold

Griffin Industrial Realty (NASDAQ:GRIF) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

Separately, TheStreet lowered Griffin Industrial Realty from a “b-” rating to a “c” rating in a research report on Monday, July 20th.

GRIF traded up $0.53 on Friday, hitting $49.20. The company had a trading volume of 1,628 shares, compared to its average volume of 6,176. Griffin Industrial Realty has a 12-month low of $28.67 and a 12-month high of $57.45. The business’s fifty day simple moving average is $52.24 and its 200 day simple moving average is $42.29.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its position in Griffin Industrial Realty by 4.3% in the first quarter. State Street Corp now owns 9,475 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 388 shares in the last quarter. UBS Group AG lifted its stake in Griffin Industrial Realty by 21.3% in the fourth quarter. UBS Group AG now owns 2,508 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 441 shares during the last quarter. Geode Capital Management LLC lifted its stake in Griffin Industrial Realty by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 22,605 shares of the financial services provider’s stock worth $894,000 after purchasing an additional 990 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Griffin Industrial Realty by 3.5% in the fourth quarter. Renaissance Technologies LLC now owns 52,900 shares of the financial services provider’s stock worth $2,092,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new stake in Griffin Industrial Realty in the second quarter worth about $225,000. Institutional investors own 47.73% of the company’s stock.

About Griffin Industrial Realty

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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