Zacks: Analysts Set $26.00 Price Target for Reis, Inc (REIS)
Shares of Reis, Inc (NASDAQ:REIS) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $26.00 for the company and are anticipating that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Reis an industry rank of 54 out of 265 based on the ratings given to related companies.
REIS has been the subject of several recent research reports. Zacks Investment Research upgraded Reis from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. B. Riley reiterated a “buy” rating and set a $26.00 price target on shares of Reis in a research report on Friday, May 5th. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price objective on shares of Reis in a report on Tuesday, May 9th. Finally, TheStreet raised Reis from a “c” rating to a “b-” rating in a report on Monday, July 3rd.
Shares of Reis (REIS) traded up 1.41% during trading on Tuesday, reaching $21.65. The company’s stock had a trading volume of 1,207 shares. The firm’s 50-day moving average is $20.64 and its 200-day moving average is $19.47. The stock has a market capitalization of $249.30 million, a PE ratio of 144.33 and a beta of 1.08. Reis has a 12-month low of $16.90 and a 12-month high of $25.85.
Reis (NASDAQ:REIS) last released its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Reis had a return on equity of 1.73% and a net margin of 3.66%. The company had revenue of $12.13 million during the quarter, compared to analysts’ expectations of $11.80 million. Equities analysts expect that Reis will post $0.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Wednesday, June 7th were given a dividend of $0.17 per share. The ex-dividend date was Monday, June 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.19%. Reis’s payout ratio is 453.33%.
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In related news, COO William Sander sold 3,525 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $20.79, for a total value of $73,284.75. Following the sale, the chief operating officer now owns 167,736 shares in the company, valued at approximately $3,487,231.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.60% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. Martingale Asset Management L P boosted its position in Reis by 1.0% in the first quarter. Martingale Asset Management L P now owns 10,501 shares of the business services provider’s stock valued at $188,000 after buying an additional 101 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Reis by 81.5% in the first quarter. Advisors Asset Management Inc. now owns 25,828 shares of the business services provider’s stock valued at $462,000 after buying an additional 11,598 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in Reis by 6.5% in the first quarter. Bahl & Gaynor Inc. now owns 63,966 shares of the business services provider’s stock valued at $1,145,000 after buying an additional 3,905 shares during the last quarter. Geode Capital Management LLC boosted its position in Reis by 5.0% in the first quarter. Geode Capital Management LLC now owns 64,658 shares of the business services provider’s stock valued at $1,157,000 after buying an additional 3,057 shares during the last quarter. Finally, State Street Corp boosted its position in Reis by 5.1% in the fourth quarter. State Street Corp now owns 114,542 shares of the business services provider’s stock valued at $2,550,000 after buying an additional 5,559 shares during the last quarter. Hedge funds and other institutional investors own 59.72% of the company’s stock.
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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