Griffin Industrial Realty (NASDAQ:GRIF) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday, BidAskClub reports.
Separately, TheStreet cut Griffin Industrial Realty from a “b-” rating to a “c” rating in a research report on Monday, July 20th.
Griffin Industrial Realty stock traded up $0.53 during midday trading on Friday, hitting $49.20. 1,628 shares of the company’s stock were exchanged, compared to its average volume of 6,176. Griffin Industrial Realty has a 52-week low of $28.67 and a 52-week high of $57.45. The stock has a 50-day moving average price of $52.24 and a two-hundred day moving average price of $42.29.
Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG boosted its stake in Griffin Industrial Realty by 154.0% during the 2nd quarter. UBS Group AG now owns 1,669 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,012 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Griffin Industrial Realty during the 2nd quarter valued at $225,000. State Street Corp boosted its stake in Griffin Industrial Realty by 4.3% during the 1st quarter. State Street Corp now owns 9,475 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 388 shares during the last quarter. Geode Capital Management LLC boosted its stake in Griffin Industrial Realty by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 22,605 shares of the financial services provider’s stock valued at $894,000 after purchasing an additional 990 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Griffin Industrial Realty during the 2nd quarter valued at $1,321,000. Institutional investors and hedge funds own 47.73% 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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