Reis (REIS) Upgraded at BidaskClub
BidaskClub upgraded shares of Reis (NASDAQ:REIS) from a buy rating to a strong-buy rating in a report issued on Friday.
Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Reis from a hold rating to a strong sell rating in a report on Friday, May 11th. Canaccord Genuity reaffirmed a hold rating on shares of Reis in a report on Sunday, March 11th. B. Riley decreased their price objective on Reis to $26.00 and set a buy rating on the stock in a report on Tuesday, May 8th. Finally, ValuEngine raised Reis from a hold rating to a buy rating in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $23.50.
NASDAQ REIS opened at $23.25 on Friday. Reis has a 12 month low of $15.95 and a 12 month high of $23.35. The company has a market capitalization of $269.00 million, a P/E ratio of 145.31 and a beta of 1.00.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 13th. Stockholders of record on Wednesday, June 6th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, June 5th. This represents a $0.76 annualized dividend and a dividend yield of 3.27%. Reis’s dividend payout ratio (DPR) is 475.00%.
Several institutional investors and hedge funds have recently modified their holdings of REIS. Schwab Charles Investment Management Inc. raised its holdings in shares of Reis by 44.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 19,249 shares of the business services provider’s stock worth $398,000 after acquiring an additional 5,949 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Reis by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 13,974 shares of the business services provider’s stock valued at $289,000 after buying an additional 4,112 shares during the period. BlackRock Inc. raised its holdings in Reis by 0.8% during the 4th quarter. BlackRock Inc. now owns 598,167 shares of the business services provider’s stock valued at $12,352,000 after buying an additional 4,530 shares during the period. Deutsche Bank AG raised its holdings in Reis by 147.5% during the 4th quarter. Deutsche Bank AG now owns 20,034 shares of the business services provider’s stock valued at $413,000 after buying an additional 11,941 shares during the period. Finally, Rodgers Brothers Inc. purchased a new stake in Reis during the 4th quarter valued at $257,000. 58.22% of the stock is currently owned by institutional investors and hedge funds.
Reis, Inc, through its subsidiary, Reis Services, provides commercial real estate market information and analytical tools to real estate professionals in the United States. The company maintains a proprietary database containing information on commercial properties, including apartment, office, retail, warehouse/distribution, flex/research and development, self-storage, and seniors and student housing properties in the metropolitan markets and neighborhoods.
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