Reis (NASDAQ: REIS) has recently received a number of price target changes and ratings updates:

  • 8/8/2017 – Reis had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock.
  • 8/4/2017 – Reis was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 8/3/2017 – Reis had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock.
  • 7/28/2017 – Reis had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock.
  • 7/12/2017 – Reis was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Reis provide commercial real estate market information and analytical tools to real estate professionals through its Reis Services subsidiary. Reis maintain a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development, self storage, seniors housing and student housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provide its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers. “
  • 7/5/2017 – Reis was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Reis provide commercial real estate market information and analytical tools to real estate professionals through its Reis Services subsidiary. Reis maintain a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development, self storage, seniors housing and student housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provide its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers. “
  • 7/3/2017 – Reis was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 6/27/2017 – Reis was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Reis provide commercial real estate market information and analytical tools to real estate professionals through its Reis Services subsidiary. Reis maintain a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development, self storage, seniors housing and student housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provide its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers. “
  • 6/14/2017 – Reis was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Reis provide commercial real estate market information and analytical tools to real estate professionals through its Reis Services subsidiary. Reis maintain a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development, self storage, seniors housing and student housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provide its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers. “

Reis, Inc (NASDAQ REIS) traded down 1.05% during trading on Wednesday, reaching $18.85. 12,981 shares of the company were exchanged. The firm’s 50 day moving average price is $20.70 and its 200-day moving average price is $19.53. Reis, Inc has a one year low of $16.90 and a one year high of $23.63. The stock has a market capitalization of $217.00 million, a price-to-earnings ratio of 188.50 and a beta of 1.08.

Reis (NASDAQ:REIS) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $11.71 million for the quarter, compared to the consensus estimate of $12.20 million. Reis had a net margin of 2.49% and a return on equity of 1.20%. On average, equities research analysts predict that Reis, Inc will post $0.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Wednesday, June 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Monday, June 5th. Reis’s payout ratio is currently 680.07%.

In other Reis news, COO William Sander sold 3,525 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $20.79, for a total transaction of $73,284.75. Following the transaction, the chief operating officer now directly owns 167,736 shares in the company, valued at $3,487,231.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.60% of the stock is owned by company insiders.

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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