Reis Inc (REIS) Receives Average Recommendation of “Hold” from Analysts

Shares of Reis Inc (NASDAQ:REIS) have earned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several brokerages have recently issued reports on REIS. ValuEngine upgraded Reis from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Canaccord Genuity reiterated a “hold” rating on shares of Reis in a research report on Sunday, March 11th. Zacks Investment Research downgraded Reis from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. BidaskClub upgraded Reis from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. Finally, B. Riley cut their target price on Reis to $26.00 and set a “buy” rating for the company in a research report on Tuesday, May 8th.

Shares of NASDAQ REIS traded up $0.10 during midday trading on Monday, hitting $21.90. 6,300 shares of the company’s stock were exchanged, compared to its average volume of 19,315. The company has a market cap of $252.22 million, a PE ratio of 136.88 and a beta of 1.00. Reis has a twelve month low of $15.95 and a twelve month high of $22.80.

Reis (NASDAQ:REIS) last issued its quarterly earnings data on Monday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.10). The business had revenue of $11.78 million for the quarter, compared to analyst estimates of $13.00 million. Reis had a positive return on equity of 1.15% and a negative net margin of 8.45%. equities research analysts forecast that Reis will post 0.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 13th. Shareholders of record on Wednesday, June 6th were given a $0.19 dividend. The ex-dividend date was Tuesday, June 5th. This represents a $0.76 dividend on an annualized basis and a yield of 3.47%. Reis’s dividend payout ratio (DPR) is 475.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in Reis by 82.1% in the first quarter. The Manufacturers Life Insurance Company now owns 7,800 shares of the business services provider’s stock worth $168,000 after purchasing an additional 3,517 shares during the period. Wells Fargo & Company MN lifted its position in Reis by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 13,974 shares of the business services provider’s stock worth $289,000 after purchasing an additional 4,112 shares during the period. BlackRock Inc. lifted its position in Reis by 0.8% in the fourth quarter. BlackRock Inc. now owns 598,167 shares of the business services provider’s stock worth $12,352,000 after purchasing an additional 4,530 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Reis by 44.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,249 shares of the business services provider’s stock worth $398,000 after purchasing an additional 5,949 shares during the period. Finally, Ranger Investment Management L.P. lifted its position in Reis by 9.6% in the fourth quarter. Ranger Investment Management L.P. now owns 135,000 shares of the business services provider’s stock worth $2,788,000 after purchasing an additional 11,869 shares during the period. Hedge funds and other institutional investors own 58.22% of the company’s stock.

About Reis

Reis, Inc, through its subsidiary, Reis Services, provides commercial real estate market information and analytical tools to real estate professionals in the United States. The company maintains a proprietary database containing information on commercial properties, including apartment, office, retail, warehouse/distribution, flex/research and development, self-storage, and seniors and student housing properties in the metropolitan markets and neighborhoods.

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