Mark P. Cantaluppi Sells 4,000 Shares of Reis, Inc (REIS) Stock
Reis, Inc (NASDAQ:REIS) CFO Mark P. Cantaluppi sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $20.25, for a total transaction of $81,000.00. Following the transaction, the chief financial officer now owns 116,508 shares of the company’s stock, valued at approximately $2,359,287. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Reis, Inc (NASDAQ:REIS) traded down $0.05 during mid-day trading on Friday, hitting $21.65. 8,495 shares of the company were exchanged, compared to its average volume of 8,086. The firm has a market capitalization of $248.86, a P/E ratio of 217.00 and a beta of 1.21. Reis, Inc has a 12-month low of $15.95 and a 12-month high of $23.62.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, December 6th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.68 annualized dividend and a yield of 3.14%. Reis’s dividend payout ratio is presently 680.00%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake 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 in the last quarter. Northern Trust Corp boosted its stake in Reis by 9.5% in the second 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 in the last quarter. Wasatch Advisors Inc. boosted its stake in Reis by 5.9% in the second quarter. Wasatch Advisors Inc. now owns 301,325 shares of the business services provider’s stock valued at $6,403,000 after acquiring an additional 16,745 shares in the last quarter. Teachers Advisors LLC boosted its stake in Reis by 17.8% in the second 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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 in the last quarter. Institutional investors own 59.16% of the company’s stock.
A number of brokerages recently commented on REIS. ValuEngine upgraded shares of Reis from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. B. Riley set a $26.00 target price on shares of Reis and gave the stock a “buy” rating in a research note on Monday, October 30th. 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 upgraded shares of Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Saturday, November 11th. One 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’s stock. The company currently has a consensus rating of “Buy” and an average target price of $23.33.
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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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