Reis COO William Sander Sells 1,000 Shares (REIS)
Reis (NASDAQ:REIS) COO William Sander unloaded 1,000 shares of the company’s 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 value 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 Securities & Exchange Commission, which is available at this link.
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.
Shares of Reis (NASDAQ:REIS) traded up 0.55% on Thursday, hitting $23.5599. 26,980 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’s 50-day moving average is $22.62 and its 200-day moving average is $19.78. The company has a market cap of $261.5 million and a P/E ratio of 14.66.
Reis (NASDAQ:REIS) last released its earnings data on Thursday, July 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters 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. Stockholders 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.
Reis, Inc (NASDAQ:REIS) is a provider of commercial real estate market information and analytical tools for its customers.
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