Punch & Associates Investment Management Inc. Has $5,493,000 Stake in Reis, Inc (REIS)
Punch & Associates Investment Management Inc. continued to hold its position in shares of Reis, Inc (NASDAQ:REIS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,515 shares of the business services provider’s stock at the close of the second quarter. Punch & Associates Investment Management Inc. owned about 2.25% of Reis worth $5,493,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of REIS. Vanguard Group Inc. increased its holdings in Reis by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 369,691 shares of the business services provider’s stock worth $7,856,000 after acquiring an additional 10,048 shares during the last quarter. Northern Trust Corp raised its stake in Reis by 9.5% in the 2nd quarter. Northern Trust Corp now owns 134,745 shares of the business services provider’s stock valued at $2,863,000 after acquiring an additional 11,724 shares during the period. Teachers Advisors LLC raised its stake in Reis by 17.8% in the 2nd quarter. Teachers Advisors LLC now owns 15,209 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 2,300 shares during the period. TimesSquare Capital Management LLC raised its stake in Reis by 1.0% in the 2nd quarter. TimesSquare Capital Management LLC now owns 449,463 shares of the business services provider’s stock valued at $9,551,000 after acquiring an additional 4,338 shares during the period. Finally, Cowen Prime Services LLC raised its stake in Reis by 4.9% in the 2nd quarter. Cowen Prime Services LLC now owns 533,700 shares of the business services provider’s stock valued at $11,341,000 after acquiring an additional 25,000 shares during the period. Institutional investors own 59.72% of the company’s stock.
Several research firms have commented on REIS. ValuEngine raised shares of Reis from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of Reis in a research note on Tuesday, August 8th. TheStreet downgraded shares of Reis from a “b-” rating to a “c+” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research raised shares of Reis from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $24.50.
Reis, Inc (NASDAQ REIS) remained flat at $18.20 during midday trading on Tuesday. The company’s stock had a trading volume of 199 shares. The company has a market cap of $209.52 million, a price-to-earnings ratio of 182.00 and a beta of 1.12. The company has a 50 day moving average of $17.45 and a 200 day moving average of $18.90. Reis, Inc has a 1-year low of $15.95 and a 1-year high of $23.63.
Reis (NASDAQ:REIS) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Reis had a net margin of 2.49% and a return on equity of 1.20%. The firm had revenue of $11.71 million for the quarter, compared to analysts’ expectations of $12.20 million. On average, equities analysts expect that Reis, Inc will post $0.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, September 7th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.68 annualized dividend and a yield of 3.74%. Reis’s dividend payout ratio (DPR) is 680.07%.
In other Reis news, COO William Sander sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $20.75, for a total transaction of $103,750.00. Following the completion of the sale, the chief operating officer now directly owns 167,736 shares of the company’s stock, valued at $3,480,522. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 13,525 shares of company stock valued at $267,035 over the last 90 days. 21.60% of the stock is currently 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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