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.
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.
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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