Revenue Update on Griffin Industrial Realty Inc(NASDAQ:GRIF)

Griffin Industrial Realty Inc(NASDAQ:GRIF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 8, 2016. Earnings per share were $-0.07.

Griffin Industrial Realty Inc (GRIF) made into the market gainers list on Wednesdays trading session with the shares advancing 2.45% or 0.76 points. Due to strong positive momentum, the stock ended at $31.75, which is also near the day’s high of $31.75. The stock began the session at $31.72 and the volume stood at 746 shares. The 52-week high of the shares is $33.49 and the 52 week low is $21.95. The company has a current market capitalization of $162 M and it has 50,92,708 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 28, 2016, Rebecca D Gamzon (10% owner) purchased 1,130 shares at $25.76 per share price.Also, On Apr 28, 2016, Michael Gamzon (CEO) purchased 1,130 shares at $25.76 per share price.On Apr 22, 2015, John Joseph Jr Kirby (director 10% owner) purchased 8,000 shares at $31.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Griffin Land & Nurseries Inc. (Griffin) operates a real estate business through its wholly owned subsidiary Griffin Land LLC (Griffin Land) that is principally engaged in developing managing and leasing industrial and commercial properties. Griffin Land owns 31 buildings consisting of approximately 2.8 million square feet. Approximately 84% of this square footage is industrial/warehouse space with the balance principally being office/flex space. Approximately 84% of Griffin Land’s industrial/warehouse space is leased and approximately 93% of Griffin Land’s office/flex space is leased. The Company’s commercial and industrial development effort is focused on Tradeport an industrial park located in Connecticut. Griffin Land’s other commercial development in Connecticut is the combination of its buildings in Griffin Center in Windsor and Bloomfield Connecticut and Griffin Center South in Bloomfield. Its residential markets include Simsbury Suffield and others.

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