Griffin Industrial Realty (NASDAQ:GRIF) spotted trading -18.64% off 52-week high price. On the other end, the stock has been noted 18.72% away from the low price over the last 52-weeks. The stock changed 7.98% to recent value of $39.77. The stock transacted 4616 shares during most recent day however it has an average volume of 4.41K shares. The company has 5.81M of outstanding shares and 4.30M shares were floated in the market.
On March 12, 2020, Griffin Industrial Realty (NASDAQ:GRIF) revealed that it closed on the acquisition (the Acquisition) of an approximately 68,000 square foot mostly vacant industrial/warehouse building (the Building) in Orlando, Florida, Griffin’s third industrial/warehouse property in Orlando. The Building’s approximately $5.7 million purchase price was paid in cash at closing using cash on hand. Griffin entered the Orlando market when it purchased a fully leased approximately 100,000 square foot industrial/warehouse building in October 2019 and subsequently acquired a fully leased approximately 108,000 square foot industrial/warehouse building in February 2020. This Acquisition increases Griffin’s total real estate portfolio to 42 buildings aggregating approximately 4,639,000 square feet, with 91% of the square footage being industrial/warehouse space.
Griffin is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/warehouse properties. Griffin currently owns 42 buildings totaling approximately 4.6 million square feet (approximately 4.2 million of which is industrial/warehouse space) in Connecticut, Pennsylvania, North Carolina and Florida in addition to over 3,400 acres of undeveloped land.
Its earnings per share (EPS) expected to touch remained 653.40% for this year. GRIF has a gross margin of 72.80% and an operating margin of 21.90% while its profit margin remained 8.30% for the last 12 months.
According to the most recent quarter its current ratio was 0.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.37% from the mean of 20 days, -3.59% from mean of 50 days SMA and performed 2.88% from mean of 200 days price. Company’s performance for the week was -11.74%, -5.22% for month and YTD performance remained 0.56%.