Reis, Inc (REIS) Lifted to “Hold” at ValuEngine
Reis, Inc (NASDAQ:REIS) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.
Several other analysts have also weighed in on REIS. B. Riley reissued a “buy” rating and set a $26.00 price objective on shares of Reis in a report on Thursday, August 3rd. TheStreet lowered Reis from a “b-” rating to a “c+” rating in a report on Friday, August 4th. Finally, Zacks Investment Research lowered Reis from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $24.50.
Shares of Reis (NASDAQ REIS) opened at 18.35 on Friday. The company’s 50 day moving average price is $17.69 and its 200 day moving average price is $18.92. The firm has a market capitalization of $211.25 million, a price-to-earnings ratio of 183.50 and a beta of 1.09. Reis has a 52-week low of $15.95 and a 52-week high of $23.63.
Reis (NASDAQ:REIS) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $11.71 million for the quarter, compared to analyst estimates of $12.20 million. Analysts forecast that Reis will post $0.16 earnings per share for the current year.
In other news, COO William Sander sold 3,525 shares of Reis stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $20.79, for a total transaction of $73,284.75. Following the sale, the chief operating officer now owns 167,736 shares of the company’s stock, valued at approximately $3,487,231.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.60% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Martingale Asset Management L P lifted its position in shares of Reis by 1.0% during the 1st quarter. Martingale Asset Management L P now owns 10,501 shares of the business services provider’s stock worth $188,000 after buying an additional 101 shares during the period. Mraz Amerine & Associates Inc. bought a new position in shares of Reis during the 2nd quarter worth approximately $200,000. Teachers Advisors LLC lifted its position in shares of Reis by 17.8% during the 2nd quarter. Teachers Advisors LLC now owns 15,209 shares of the business services provider’s stock worth $323,000 after buying an additional 2,300 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Reis by 81.5% during the 1st quarter. Advisors Asset Management Inc. now owns 25,828 shares of the business services provider’s stock worth $462,000 after buying an additional 11,598 shares during the period. Finally, Strs Ohio lifted its position in shares of Reis by 6.0% during the 2nd quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock worth $486,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 59.72% of the company’s stock.
Reis Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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