Weekly Analysts’ Ratings Updates for Reis (REIS)
Reis (NASDAQ: REIS) recently received a number of ratings updates from brokerages and research firms:
- 3/16/2017 – Reis had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock.
- 3/15/2017 – Reis was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Reis provide commercial real estate market information and analytical tools to real estate professionals through its Reis Services subsidiary. Reis maintain a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development, self storage, seniors housing and student housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provide its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers. “
- 3/11/2017 – Reis had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock.
- 3/10/2017 – Reis had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $23.00 price target on the stock, down previously from $26.00.
Shares of Reis Inc (NASDAQ:REIS) opened at 17.95 on Tuesday. Reis Inc has a 52 week low of $16.90 and a 52 week high of $26.59. The firm has a market capitalization of $206.10 million, a price-to-earnings ratio of 74.79 and a beta of 1.00. The stock has a 50 day moving average price of $19.56 and a 200-day moving average price of $20.64.
Reis (NASDAQ:REIS) last issued its quarterly earnings results on Thursday, March 9th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.05. Reis had a return on equity of 5.31% and a net margin of 12.72%. On average, equities research analysts forecast that Reis Inc will post $0.27 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 8th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 6th. This represents a $0.68 dividend on an annualized basis and a yield of 3.79%. Reis’s dividend payout ratio (DPR) is currently 123.64%.
In related news, CFO Mark P. Cantaluppi sold 2,156 shares of Reis stock in a transaction on Monday, February 13th. The stock was sold at an average price of $20.16, for a total transaction of $43,464.96. Following the sale, the chief financial officer now directly owns 114,328 shares in the company, valued at $2,304,852.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan Garfield sold 8,246 shares of Reis stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $19.98, for a total value of $164,755.08. Following the sale, the insider now owns 864,771 shares in the company, valued at $17,278,124.58. The disclosure for this sale can be found here. Insiders have sold 173,751 shares of company stock worth $3,376,758 over the last quarter. 22.70% of the stock is currently owned by corporate insiders.
Reis, Inc (Reis) is engaged in providing commercial real estate market information and analytical tools to real estate professionals, through its Reis Services subsidiary. The Company operates through Reis Services segment. It maintains a database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the United States.
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