Essex Investment Management Co. LLC Acquires Shares of 76,324 Reis, Inc (NASDAQ:REIS)

Essex Investment Management Co. LLC bought a new stake in Reis, Inc (NASDAQ:REIS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 76,324 shares of the business services provider’s stock, valued at approximately $1,622,000. Essex Investment Management Co. LLC owned approximately 0.66% of Reis as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Mraz Amerine & Associates Inc. bought a new stake in Reis during the second quarter valued at $200,000. Strs Ohio raised its stake in Reis by 6.0% in the second quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock valued at $486,000 after buying an additional 1,300 shares during the period. Renaissance Technologies LLC raised its stake in Reis by 4.7% in the first quarter. Renaissance Technologies LLC now owns 311,700 shares of the business services provider’s stock valued at $5,579,000 after buying an additional 13,900 shares during the period. Dimensional Fund Advisors LP raised its stake in Reis by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 851,253 shares of the business services provider’s stock valued at $15,237,000 after buying an additional 5,222 shares during the period. Finally, Geode Capital Management LLC raised its stake in Reis by 5.0% in the first quarter. Geode Capital Management LLC now owns 64,658 shares of the business services provider’s stock valued at $1,157,000 after buying an additional 3,057 shares during the period. Hedge funds and other institutional investors own 60.48% of the company’s stock.

Reis, Inc (NASDAQ REIS) opened at 17.00 on Friday. Reis, Inc has a 12 month low of $16.75 and a 12 month high of $23.62. The company has a market capitalization of $195.70 million, a P/E ratio of 170.00 and a beta of 1.08. The firm has a 50-day moving average price of $20.02 and a 200 day moving average price of $19.39.

Reis (NASDAQ:REIS) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. Reis had a return on equity of 1.20% and a net margin of 2.49%. The company had revenue of $11.71 million during the quarter, compared to analysts’ expectations of $12.20 million. Analysts expect that Reis, Inc will post $0.16 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, September 7th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.68 annualized dividend and a yield of 4.00%. Reis’s payout ratio is currently 680.07%.

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Several research analysts have commented on the company. Zacks Investment Research raised Reis from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. B. Riley reaffirmed a “buy” rating and issued a $26.00 price target on shares of Reis in a research report on Friday, July 28th. TheStreet raised Reis from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $23.00 price target on shares of Reis in a research report on Tuesday, May 9th.

In related news, COO William Sander sold 3,525 shares of Reis stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $20.79, for a total transaction of $73,284.75. Following the completion of the sale, the chief operating officer now directly owns 167,736 shares of the company’s stock, valued at approximately $3,487,231.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 21.60% 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.

Institutional Ownership by Quarter for Reis (NASDAQ:REIS)

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