Reis COO William Sander Sells 1,000 Shares (REIS)
Reis (NASDAQ:REIS) COO William Sander sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $18.18, for a total transaction of $18,180.00. Following the completion of the transaction, the chief operating officer now directly owns 130,326 shares of the company’s stock, valued at approximately $2,369,327. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Reis from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 18th. They now have a $21.10 price target on the stock.
Shares of Reis (NASDAQ:REIS) opened at 19.19 on Friday. Reis has a 52-week low of $15.66 and a 52-week high of $19.80. The stock has a 50-day moving average of $17.87 and a 200-day moving average of $18.08. The company has a market cap of $213.0 million and a P/E ratio of 11.88.
Reis (NASDAQ:REIS) last announced its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $9.95 million for the quarter, compared to the consensus estimate of $9.26 million. On average, analysts predict that Reis will post $0.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 18th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, June 9th.
Reis, Inc (NASDAQ:REIS) is a provider of commercial real estate market information and analytical tools for its customers.
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