Reis COO Sells $23,680 in Stock (REIS)
Reis (NASDAQ:REIS) COO William Sander sold 1,000 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $23.68, for a total transaction of $23,680.00. Following the transaction, the chief operating officer now directly owns 127,326 shares of the company’s stock, valued at approximately $3,015,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Reis (NASDAQ:REIS) traded up 0.55% on Thursday, hitting $23.56. 26,730 shares of the company’s stock traded hands. Reis has a 52 week low of $15.66 and a 52 week high of $23.95. The stock has a 50-day moving average of $22.62 and a 200-day moving average of $19.78. The company has a market cap of $261.5 million and a price-to-earnings ratio of 14.66.
Reis (NASDAQ:REIS) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $10.20 million for the quarter, compared to the consensus estimate of $9.90 million. Analysts expect that Reis will post $0.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, September 8th.
Separately, analysts at B. Riley reiterated a “buy” rating on shares of Reis in a research note on Friday, August 1st. They now have a $30.00 price target on the stock, up previously from $27.00.
Reis, Inc (NASDAQ:REIS) is a provider of commercial real estate market information and analytical tools for its customers.
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