Shares of Reis, Inc (NASDAQ:REIS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price target of $26.00 for the company and are forecasting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Reis an industry rank of 38 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently commented on REIS shares. B. Riley set a $26.00 price objective on shares of Reis and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Saturday, November 11th. Finally, ValuEngine raised shares of Reis from a “sell” rating to a “hold” rating in a report on Friday, September 22nd.

In related news, COO William Sander sold 5,000 shares of Reis stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.00, for a total transaction of $90,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark P. Cantaluppi sold 3,000 shares of Reis stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $19.50, for a total transaction of $58,500.00. Following the transaction, the chief financial officer now directly owns 119,264 shares of the company’s stock, valued at $2,325,648. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock valued at $229,500 over the last three months. 21.60% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in REIS. Vanguard Group Inc. lifted its holdings in Reis by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 359,643 shares of the business services provider’s stock valued at $6,438,000 after purchasing an additional 14,994 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Reis by 5.0% during the 1st quarter. Geode Capital Management LLC now owns 64,658 shares of the business services provider’s stock valued at $1,157,000 after purchasing an additional 3,057 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Reis by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 851,253 shares of the business services provider’s stock valued at $15,237,000 after purchasing an additional 5,222 shares during the last quarter. Strs Ohio lifted its holdings in Reis by 6.0% during the 2nd quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Reis by 16.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 29,955 shares of the business services provider’s stock valued at $637,000 after purchasing an additional 4,127 shares during the last quarter. 59.16% of the stock is owned by hedge funds and other institutional investors.

Reis (NASDAQ:REIS) traded down $0.05 during trading hours on Friday, hitting $21.65. 8,495 shares of the stock were exchanged, compared to its average volume of 8,086. The company has a market cap of $248.28, a P/E ratio of 216.50 and a beta of 1.21. Reis has a one year low of $15.95 and a one year high of $23.62.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.14%. The ex-dividend date is Tuesday, December 5th. Reis’s dividend payout ratio is currently 680.00%.

TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/03/analysts-set-26-00-target-price-for-reis-inc-reis.html.

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.

Get a free copy of the Zacks research report on Reis (REIS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Reis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reis Inc and related companies with MarketBeat.com's FREE daily email newsletter.