TheStreet Lowers Reis, Inc (REIS) to C+
A number of other equities research analysts have also recently commented on REIS. Zacks Investment Research upgraded Reis from a sell rating to a hold rating in a research report on Wednesday, April 12th. B. Riley restated a buy rating and set a $26.00 target price on shares of Reis in a research report on Friday, May 5th. Finally, Canaccord Genuity restated a buy rating and set a $23.00 target price on shares of Reis in a research report on Tuesday, May 9th.
Shares of Reis (NASDAQ REIS) opened at 18.85 on Friday. The firm’s 50-day moving average price is $20.84 and its 200 day moving average price is $19.55. Reis has a 12-month low of $16.90 and a 12-month high of $23.62. The company has a market cap of $217.00 million, a price-to-earnings ratio of 188.50 and a beta of 1.08.
Reis (NASDAQ:REIS) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. Reis had a return on equity of 1.20% and a net margin of 2.49%. The firm had revenue of $11.71 million for the quarter, compared to analysts’ expectations of $12.20 million. On average, analysts predict that Reis will post $0.16 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Wednesday, June 7th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Monday, June 5th. Reis’s payout ratio is 680.07%.
In related news, COO William Sander sold 5,000 shares of Reis stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $20.75, for a total value of $103,750.00. Following the sale, the chief operating officer now directly owns 167,736 shares in the company, valued at approximately $3,480,522. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 21.60% of the company’s stock.
A number of large investors have recently bought and sold shares of REIS. Mraz Amerine & Associates Inc. purchased a new stake in Reis during the second quarter valued at about $200,000. Martingale Asset Management L P boosted its stake in Reis by 1.0% in the first quarter. Martingale Asset Management L P now owns 10,501 shares of the business services provider’s stock valued at $188,000 after buying an additional 101 shares during the last quarter. Strs Ohio boosted its stake in Reis by 6.0% in the second quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock valued at $486,000 after buying an additional 1,300 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Reis by 81.5% in the first quarter. Advisors Asset Management Inc. now owns 25,828 shares of the business services provider’s stock valued at $462,000 after buying an additional 11,598 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in Reis by 6.5% in the first quarter. Bahl & Gaynor Inc. now owns 63,966 shares of the business services provider’s stock valued at $1,145,000 after buying an additional 3,905 shares during the last quarter. Institutional investors own 60.43% of the company’s stock.
Reis Company Profile
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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