TheStreet Downgrades Reis, Inc (NASDAQ:REIS) to C+

TheStreet downgraded shares of Reis, Inc (NASDAQ:REIS) from a b- rating to a c+ rating in a report published on Friday, August 4th.

A number of other brokerages have also recently commented on REIS. 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 set a $26.00 price target on shares of Reis in a research report on Friday, July 28th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $23.00 price target on shares of Reis in a research report on Tuesday, May 9th.

Reis (NASDAQ REIS) opened at 17.00 on Friday. The stock has a market cap of $195.70 million, a PE ratio of 170.00 and a beta of 1.08. The stock has a 50 day moving average price of $20.02 and a 200 day moving average price of $19.39. Reis has a 1-year low of $16.75 and a 1-year high of $23.62.

Reis (NASDAQ:REIS) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.03 EPS for the quarter, topping 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. On average, analysts predict that Reis will post $0.16 EPS for the current fiscal year.

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

In other Reis news, COO William Sander sold 3,525 shares of Reis stock in a transaction dated 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 transaction, the chief operating officer now owns 167,736 shares in the company, valued at approximately $3,487,231.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in REIS. State Street Corp raised its position in 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. Advisors Asset Management Inc. raised its position in Reis by 81.5% in the first quarter. Advisors Asset Management Inc. now owns 25,828 shares of the business services provider’s stock worth $462,000 after buying an additional 11,598 shares during the last quarter. Cowen Prime Services LLC raised its position in Reis by 43.3% in the first quarter. Cowen Prime Services LLC now owns 508,700 shares of the business services provider’s stock worth $9,106,000 after buying an additional 153,800 shares during the last quarter. Bahl & Gaynor Inc. raised its position in Reis by 6.5% in the first quarter. Bahl & Gaynor Inc. now owns 63,966 shares of the business services provider’s stock worth $1,145,000 after buying an additional 3,905 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in Reis by 1.0% in the first quarter. Martingale Asset Management L P now owns 10,501 shares of the business services provider’s stock worth $188,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 60.48% of the company’s stock.

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.

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