Shares of Reis Inc (NASDAQ:REIS) have earned a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $26.00.
REIS has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Reis from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Canaccord Genuity restated a “hold” rating on shares of Reis in a research report on Sunday, March 11th. BidaskClub upgraded shares of Reis from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. ValuEngine upgraded shares of Reis from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Finally, B. Riley reduced their price target on shares of Reis to $26.00 and set a “buy” rating for the company in a research report on Tuesday, May 8th.
A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in Reis in the 1st quarter worth approximately $329,000. The Manufacturers Life Insurance Company lifted its position in Reis by 82.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 7,800 shares of the business services provider’s stock worth $168,000 after buying an additional 3,517 shares in the last quarter. Acuitas Investments LLC purchased a new stake in Reis in the 1st quarter worth approximately $570,000. Rodgers Brothers Inc. purchased a new stake in Reis in the 4th quarter worth approximately $257,000. Finally, Deutsche Bank AG lifted its position in Reis by 147.5% in the 4th quarter. Deutsche Bank AG now owns 20,034 shares of the business services provider’s stock worth $413,000 after buying an additional 11,941 shares in the last quarter. Institutional investors own 58.22% of the company’s stock.
Reis (NASDAQ:REIS) last issued its quarterly earnings results on Monday, May 7th. The business services provider reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.10). The firm had revenue of $11.78 million during the quarter, compared to analysts’ expectations of $13.00 million. Reis had a negative net margin of 8.45% and a positive return on equity of 1.15%. research analysts predict that Reis will post 0.07 earnings per share for the current fiscal year.
The business 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 of this dividend was Tuesday, June 5th. This represents a $0.76 dividend on an annualized basis and a yield of 3.27%. Reis’s payout ratio is 475.00%.
Reis Company Profile
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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