Reis Inc. (REIS) Hits New 1-Year Low at $18.98
Shares of Reis Inc. (NASDAQ:REIS) reached a new 52-week low on Monday . The company traded as low as $18.98 and last traded at $18.98, with a volume of 10,856 shares. The stock had previously closed at $19.18.
A number of research firms have recently weighed in on REIS. B. Riley restated a “buy” rating and issued a $29.00 target price on shares of Reis in a report on Thursday, August 11th. Zacks Investment Research downgraded shares of Reis from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Finally, Canaccord Genuity restated a “buy” rating on shares of Reis in a report on Monday, June 6th.
The company has a 50-day moving average price of $23.28 and a 200-day moving average price of $23.46. The stock has a market capitalization of $215.19 million and a PE ratio of 29.28.
Reis (NASDAQ:REIS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $12.80 million. Equities analysts predict that Reis Inc. will post $0.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 8th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Tuesday, September 6th.
Reis, Inc (Reis) is engaged in providing commercial real estate market information and analytical tools to real estate professionals, through its Reis Services subsidiary. The Company operates through Reis Services segment. It maintains a database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the United States.
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