Two Sigma Investments LP Cuts Stake in Reis Inc (REIS)

Two Sigma Investments LP cut its position in shares of Reis Inc (NASDAQ:REIS) by 25.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,727 shares of the business services provider’s stock after selling 5,130 shares during the period. Two Sigma Investments LP owned about 0.13% of Reis worth $328,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Pembroke Management LTD increased its stake in Reis by 222.3% in the third quarter. Pembroke Management LTD now owns 215,300 shares of the business services provider’s stock worth $4,405,000 after buying an additional 148,500 shares in the last quarter. Wasatch Advisors Inc. increased its stake in Reis by 9.9% in the third quarter. Wasatch Advisors Inc. now owns 317,479 shares of the business services provider’s stock worth $6,496,000 after buying an additional 28,543 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Reis by 3,155.5% in the third quarter. Advisors Asset Management Inc. now owns 6,218 shares of the business services provider’s stock worth $127,000 after buying an additional 6,027 shares in the last quarter. State Street Corp boosted its stake in shares of Reis by 5.1% in the fourth quarter. State Street Corp now owns 114,542 shares of the business services provider’s stock worth $2,550,000 after buying an additional 5,559 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in shares of Reis by 8.2% in the fourth quarter. Keybank National Association OH now owns 20,838 shares of the business services provider’s stock worth $464,000 after buying an additional 1,573 shares during the last quarter. Institutional investors own 60.69% of the company’s stock.

Institutional Ownership by Quarter for Reis (NASDAQ:REIS)

Reis Inc (NASDAQ:REIS) traded up 2.82% on Thursday, reaching $18.20. The company had a trading volume of 3,604 shares. The firm has a 50-day moving average of $18.11 and a 200-day moving average of $20.26. The stock has a market capitalization of $208.97 million, a P/E ratio of 75.83 and a beta of 1.00. Reis Inc has a 12 month low of $16.90 and a 12 month high of $26.59.

Reis (NASDAQ:REIS) last posted its earnings results on Thursday, March 9th. The business services provider reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.05. The business earned $11.55 million during the quarter, compared to the consensus estimate of $11.70 million. Reis had a net margin of 12.72% and a return on equity of 5.31%. On average, equities research analysts expect that Reis Inc will post $0.27 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on REIS. B. Riley reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Reis in a research note on Thursday, March 16th. Canaccord Genuity reissued a “buy” rating and set a $23.00 target price (down from $26.00) on shares of Reis in a research note on Friday, March 10th. Finally, Zacks Investment Research cut Reis from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th.

In other Reis news, COO William Sander sold 2,414 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $17.97, for a total transaction of $43,379.58. Following the sale, the chief operating officer now directly owns 180,515 shares of the company’s stock, valued at $3,243,854.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan Garfield sold 8,246 shares of the company’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $19.98, for a total transaction of $164,755.08. Following the sale, the insider now directly owns 864,771 shares in the company, valued at $17,278,124.58. The disclosure for this sale can be found here. In the last three months, insiders sold 117,891 shares of company stock worth $2,309,103. 22.70% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:REIS

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