Several other analysts also recently commented on the company. Zacks Investment Research downgraded Reis from a hold rating to a sell rating in a research note on Saturday, March 10th. ValuEngine downgraded Reis from a hold rating to a sell rating in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Reis has an average rating of Hold and an average price target of $23.33.
Reis (REIS) opened at $21.55 on Friday. The firm has a market capitalization of $253.38, a price-to-earnings ratio of 136.88 and a beta of 1.14. Reis has a 12 month low of $15.95 and a 12 month high of $22.35.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, March 7th were issued a $0.19 dividend. This is a boost from Reis’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, March 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.53%. Reis’s dividend payout ratio (DPR) is presently -271.42%.
In other news, CEO Lloyd Lynford sold 4,250 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $18.86, for a total value of $80,155.00. Following the completion of the transaction, the chief executive officer now owns 1,303,235 shares in the company, valued at approximately $24,579,012.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark P. Cantaluppi sold 1,341 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $18.83, for a total value of $25,251.03. Following the completion of the transaction, the chief financial officer now owns 122,655 shares of the company’s stock, valued at approximately $2,309,593.65. The disclosure for this sale can be found here. Insiders sold a total of 33,785 shares of company stock valued at $624,486 in the last 90 days. 21.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rodgers Brothers Inc. bought a new position in shares of Reis in the 4th quarter valued at about $257,000. Deutsche Bank AG grew its holdings in shares of Reis by 147.5% in the 4th quarter. Deutsche Bank AG now owns 20,034 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 11,941 shares in the last quarter. Ranger Investment Management L.P. grew its holdings in shares of Reis by 9.6% in the 4th quarter. Ranger Investment Management L.P. now owns 135,000 shares of the business services provider’s stock valued at $2,788,000 after acquiring an additional 11,869 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Reis by 0.8% in the 4th quarter. BlackRock Inc. now owns 598,167 shares of the business services provider’s stock valued at $12,352,000 after acquiring an additional 4,530 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Reis by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 13,974 shares of the business services provider’s stock valued at $289,000 after acquiring an additional 4,112 shares in the last quarter. Institutional investors own 58.47% of the company’s stock.
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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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