Reis, Inc (NASDAQ:REIS) announced a quarterly dividend on Wednesday, August 16th, Wall Street Journal reports. Investors of record on Thursday, September 7th will be paid a dividend of 0.17 per share by the business services provider on Thursday, September 14th. This represents a $0.68 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, September 6th.

Shares of Reis (NASDAQ REIS) traded down 2.13% during mid-day trading on Wednesday, hitting $18.35. The company had a trading volume of 63,489 shares. The firm’s 50 day moving average is $20.32 and its 200-day moving average is $19.44. Reis has a 12-month low of $16.90 and a 12-month high of $23.62. The firm has a market cap of $211.25 million, a PE ratio of 183.50 and a beta of 1.08.

Reis (NASDAQ:REIS) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Reis had a return on equity of 1.20% and a net margin of 2.49%. The firm had revenue of $11.71 million for the quarter, compared to analyst estimates of $12.20 million. On average, equities analysts expect that Reis will post $0.16 EPS for the current year.

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Several equities research analysts have recently weighed in on REIS shares. Zacks Investment Research upgraded Reis from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Canaccord Genuity reiterated a “buy” rating and issued a $23.00 price objective on shares of Reis in a research note on Tuesday, May 9th. TheStreet upgraded Reis from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. Finally, B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of Reis in a research note on Friday, May 5th.

In other news, COO William Sander sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $20.75, for a total value of $103,750.00. Following the sale, the chief operating officer now directly owns 167,736 shares in the company, valued at approximately $3,480,522. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 21.60% of the company’s stock.

A hedge fund recently raised its stake in Reis stock. State Street Corp raised its stake in Reis, Inc (NASDAQ:REIS) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,971 shares of the business services provider’s stock after buying an additional 10,393 shares during the period. State Street Corp owned about 1.14% of Reis worth $2,784,000 at the end of the most recent quarter. Institutional investors and hedge funds own 60.48% of the company’s stock.

About Reis

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.

Dividend History for Reis (NASDAQ:REIS)

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