Reis (NASDAQ:REIS) Receives Hold Rating from Canaccord Genuity

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Canaccord Genuity restated their hold rating on shares of Reis (NASDAQ:REIS) in a research note published on Sunday, March 11th.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Reis from a hold rating to a sell rating in a report on Saturday, March 10th. ValuEngine downgraded Reis from a hold rating to a sell rating in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $23.33.

Shares of Reis stock traded up $0.30 during midday trading on Friday, reaching $21.30. The company had a trading volume of 42,635 shares, compared to its average volume of 19,085. The firm has a market cap of $241.23, a P/E ratio of 133.13 and a beta of 1.03. Reis has a fifty-two week low of $15.95 and a fifty-two week high of $22.35.

Reis (NASDAQ:REIS) last issued its earnings results on Thursday, March 8th. The business services provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The business had revenue of $12.26 million during the quarter, compared to the consensus estimate of $12.40 million. Reis had a positive return on equity of 2.06% and a negative net margin of 6.55%. analysts predict that Reis will post 0.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, March 7th were issued a dividend of $0.19 per share. This is an increase 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 3.57%. Reis’s payout ratio is currently 475.00%.

In other news, CFO Mark P. Cantaluppi sold 1,341 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $18.83, for a total transaction of $25,251.03. Following the completion of the sale, the chief financial officer now owns 122,655 shares in the company, valued at $2,309,593.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lloyd Lynford sold 6,746 shares of Reis stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $17.55, for a total value of $118,392.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,785 shares of company stock valued at $628,786. Corporate insiders own 21.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Reis by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 855,442 shares of the business services provider’s stock valued at $15,398,000 after buying an additional 3,562 shares during the last quarter. BlackRock Inc. boosted its position in Reis by 0.8% in the fourth quarter. BlackRock Inc. now owns 598,167 shares of the business services provider’s stock worth $12,352,000 after purchasing an additional 4,530 shares during the last quarter. Vanguard Group Inc. boosted its position in Reis by 2.8% in the second quarter. Vanguard Group Inc. now owns 369,691 shares of the business services provider’s stock worth $7,856,000 after purchasing an additional 10,048 shares during the last quarter. Ranger Investment Management L.P. boosted its position in Reis by 9.6% in the fourth quarter. Ranger Investment Management L.P. now owns 135,000 shares of the business services provider’s stock worth $2,788,000 after purchasing an additional 11,869 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Reis by 9.5% in the second quarter. Northern Trust Corp now owns 134,745 shares of the business services provider’s stock worth $2,863,000 after purchasing an additional 11,724 shares during the last quarter. 58.47% of the stock is currently owned by institutional investors.

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Reis Company Profile

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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