Reis Inc. (REIS) Trading 3.1% Higher
Reis Inc. (NASDAQ:REIS) traded up 3.1% during mid-day trading on Tuesday . The company traded as high as $20.60 and last traded at $19.24, with a volume of 128,793 shares changing hands. The stock had previously closed at $18.66.
A number of equities research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $33.25 target price on shares of Reis in a report on Monday, August 1st. Canaccord Genuity restated a “buy” rating on shares of Reis in a report on Wednesday, May 4th. Zacks Investment Research downgraded shares of Reis from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Finally, TheStreet downgraded shares of Reis from a “buy” rating to a “hold” rating in a research note on Friday, August 19th.
The firm has a market capitalization of $220.86 million and a P/E ratio of 30.05. The stock has a 50 day moving average of $22.04 and a 200-day moving average of $23.31.
Reis (NASDAQ:REIS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $11.60 million for the quarter, compared to the consensus estimate of $12.80 million. Analysts predict that Reis Inc. will post $0.35 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date 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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