Reis, Inc (REIS) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC raised its position in Reis, Inc (NASDAQ:REIS) by 17.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,209 shares of the business services provider’s stock after acquiring an additional 2,300 shares during the quarter. Teachers Advisors LLC owned approximately 0.13% of Reis worth $323,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Reis by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 851,253 shares of the business services provider’s stock valued at $15,237,000 after acquiring an additional 5,222 shares during the period. Cowen Prime Services LLC lifted its holdings in Reis by 4.9% in the second 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. TimesSquare Capital Management LLC lifted its holdings in Reis by 1.0% in the second 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. Vanguard Group Inc. lifted its holdings in Reis by 4.4% in the first quarter. Vanguard Group Inc. now owns 359,643 shares of the business services provider’s stock valued at $6,438,000 after acquiring an additional 14,994 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Reis by 4.7% in the first quarter. Renaissance Technologies LLC now owns 311,700 shares of the business services provider’s stock valued at $5,579,000 after acquiring an additional 13,900 shares during the period. 59.83% of the stock is currently owned by institutional investors.
In other Reis news, COO William Sander sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.00, for a total value of $90,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 21.60% of the company’s stock.
Shares of Reis, Inc (NASDAQ:REIS) opened at $19.00 on Friday. The company has a market capitalization of $209.87, a PE ratio of 183.00 and a beta of 1.14. Reis, Inc has a 1 year low of $15.95 and a 1 year high of $23.63.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, December 6th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Tuesday, December 5th. Reis’s payout ratio is 680.00%.
A number of research analysts have weighed in on REIS shares. B. Riley set a $26.00 target price on Reis and gave the company a “buy” rating in a report on Monday, October 30th. TheStreet downgraded Reis from a “b-” rating to a “c+” rating in a report on Friday, August 4th. ValuEngine raised Reis from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Zacks Investment Research raised Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Saturday, November 11th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Reis has an average rating of “Buy” and a consensus target price of $23.33.
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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