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

Analysts have set a 12 month consensus price target of $26.00 for the company and are anticipating that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also given Reis an industry rank of 108 out of 265 based on the ratings given to related companies.

Several brokerages have weighed in on REIS. Zacks Investment Research cut Reis from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine upgraded Reis from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Reis in a research report on Wednesday, November 8th.

In other news, COO William Sander sold 5,000 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark P. Cantaluppi sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $19.50, for a total value of $58,500.00. Following the completion of 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. Over the last three months, insiders sold 12,000 shares of company stock valued at $240,800. Corporate insiders own 21.60% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in Reis by 57.7% during the 3rd quarter. Wells Fargo & Company MN now owns 9,862 shares of the business services provider’s stock valued at $177,000 after buying an additional 3,607 shares in the last quarter. Teachers Advisors LLC increased its position in Reis by 17.8% during the 2nd quarter. Teachers Advisors LLC now owns 15,209 shares of the business services provider’s stock valued at $323,000 after buying an additional 2,300 shares in the last quarter. Advisors Asset Management Inc. increased its position in Reis by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 33,101 shares of the business services provider’s stock valued at $596,000 after buying an additional 3,146 shares in the last quarter. Bank of New York Mellon Corp increased its position in Reis by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,042 shares of the business services provider’s stock valued at $2,147,000 after buying an additional 1,417 shares in the last quarter. Finally, State Street Corp increased its position in Reis by 8.6% during the 2nd quarter. State Street Corp now owns 130,971 shares of the business services provider’s stock valued at $2,784,000 after buying an additional 10,393 shares in the last quarter. 59.16% of the stock is currently owned by institutional investors.

Shares of Reis (REIS) opened at $20.45 on Wednesday. Reis has a 1-year low of $15.95 and a 1-year high of $23.00. The firm has a market capitalization of $233.95, a price-to-earnings ratio of 204.50 and a beta of 1.22.

Reis (NASDAQ:REIS) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Reis had a return on equity of 1.20% and a net margin of 2.45%. analysts expect that Reis will post 0.15 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/17/analysts-anticipate-reis-inc-reis-to-post-0-04-eps.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reis and related companies with MarketBeat.com's FREE daily email newsletter.