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

Brokerages have set a 12-month consensus target price of $26.00 for the company and are anticipating 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 74 out of 265 based on the ratings given to related companies.

REIS has been the topic of a number of research analyst reports. ValuEngine raised Reis from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Zacks Investment Research raised Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Saturday, November 11th. Finally, B. Riley reiterated a “buy” rating and set a $26.00 price objective on shares of Reis in a report on Wednesday, November 8th.

In other Reis news, COO William Sander sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $20.26, for a total value of $101,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark P. Cantaluppi sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $20.25, for a total value of $81,000.00. Following the completion of the transaction, the chief financial officer now owns 116,508 shares of the company’s stock, valued at $2,359,287. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,000 shares of company stock valued at $240,800. 21.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of REIS. Wasatch Advisors Inc. boosted its stake in shares of Reis by 5.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 301,325 shares of the business services provider’s stock worth $6,403,000 after acquiring an additional 16,745 shares during the period. Vanguard Group Inc. boosted its stake in shares of Reis by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 359,643 shares of the business services provider’s stock worth $6,438,000 after acquiring an additional 14,994 shares during the period. Northern Trust Corp boosted its stake in shares of Reis by 9.5% during the 2nd quarter. Northern Trust Corp now owns 134,745 shares of the business services provider’s stock worth $2,863,000 after acquiring an additional 11,724 shares during the period. State Street Corp boosted its stake in shares of Reis by 8.6% during the 2nd quarter. State Street Corp now owns 130,971 shares of the business services provider’s stock worth $2,784,000 after acquiring an additional 10,393 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Reis by 1.0% during the 2nd quarter. TimesSquare Capital Management LLC now owns 449,463 shares of the business services provider’s stock worth $9,551,000 after acquiring an additional 4,338 shares during the period. Hedge funds and other institutional investors own 59.16% of the company’s stock.

Reis (NASDAQ REIS) traded up $0.50 during midday trading on Thursday, hitting $20.50. The stock had a trading volume of 28,900 shares, compared to its average volume of 21,850. The firm has a market capitalization of $229.37, a price-to-earnings ratio of 205.00 and a beta of 1.22. Reis has a 52 week low of $15.95 and a 52 week high of $23.00.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, December 6th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.32%. Reis’s payout ratio is presently 680.00%.

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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.

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