Reis Inc. (REIS) Trading 3.1% Higher
Reis Inc. (NASDAQ:REIS) shares traded up 3.1% on Tuesday . The company traded as high as $20.60 and last traded at $19.24, with a volume of 128,793 shares. The stock had previously closed at $18.66.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Reis from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. B. Riley reissued a “buy” rating and set a $33.25 target price on shares of Reis in a report on Monday, August 1st. Canaccord Genuity reissued a “buy” rating on shares of Reis in a report on Wednesday, May 4th. Finally, TheStreet lowered Reis from a “buy” rating to a “hold” rating in a report on Friday, August 19th.
The stock has a market capitalization of $219.50 million and a price-to-earnings ratio of 29.86. The stock’s 50 day moving average is $22.42 and its 200-day moving average is $23.35.
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 consensus estimate of $0.10 by $0.02. The business earned $11.60 million during the quarter, compared to analyst estimates of $12.80 million. Analysts predict that Reis Inc. will post $0.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 8th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $0.68 annualized dividend and a yield of 3.51%.
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.