Reis Inc. (NASDAQ:REIS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Reis provide commercial real estate market information and analytical tools to real estate professionals through its Reis Services subsidiary. Reis maintain a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development, self storage, seniors housing and student housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provide its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers. “
Other research analysts have also recently issued research reports about the company. B. Riley restated a “buy” rating and set a $29.00 price objective on shares of Reis in a research note on Thursday, August 11th. TheStreet cut Reis from a “buy” rating to a “hold” rating in a research note on Friday, August 19th.
Reis (NASDAQ:REIS) opened at 20.24 on Thursday. The stock has a market cap of $229.24 million, a P/E ratio of 31.19 and a beta of 1.02. The company’s 50-day moving average price is $20.02 and its 200-day moving average price is $22.89. Reis has a 1-year low of $18.16 and a 1-year high of $26.59.
Reis (NASDAQ:REIS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $11.60 million for the quarter, compared to analyst estimates of $12.80 million. Reis had a return on equity of 6.35% and a net margin of 14.89%. Analysts predict that Reis will post $0.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Tuesday, September 6th. Reis’s dividend payout ratio (DPR) is 104.62%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new position in Reis during the second quarter valued at approximately $264,000. Panagora Asset Management Inc. boosted its position in Reis by 6.8% in the second quarter. Panagora Asset Management Inc. now owns 12,792 shares of the company’s stock valued at $319,000 after buying an additional 818 shares during the period. Ranger Investment Management L.P. boosted its position in Reis by 4.2% in the second quarter. Ranger Investment Management L.P. now owns 70,772 shares of the company’s stock valued at $1,762,000 after buying an additional 2,860 shares during the period. Ativo Capital Management LLC boosted its position in Reis by 101.5% in the second quarter. Ativo Capital Management LLC now owns 45,387 shares of the company’s stock valued at $1,130,000 after buying an additional 22,863 shares during the period. Finally, Rhumbline Advisers boosted its position in Reis by 10.3% in the second quarter. Rhumbline Advisers now owns 11,728 shares of the company’s stock valued at $292,000 after buying an additional 1,099 shares during the period. Institutional investors and hedge funds own 59.50% of the company’s stock.
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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