News coverage about Reis (NASDAQ:REIS) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Reis earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.171531078193 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Analysts Set $26.00 Target Price for Reis, Inc (REIS) (americanbankingnews.com)
- Massive hole in ground in southwest Las Vegas slated for apartments (reviewjournal.com)
- When will Amazon name HQ2 winner? Speculation swirls around shortlist (bizjournals.com)
- YieldBoost Reis From 3.3% To 10.5% Using Options (stockoptionschannel.com)
- Reis, Inc (REIS) CFO Sells $81,000.00 in Stock (americanbankingnews.com)
A number of equities analysts have issued reports on REIS shares. B. Riley reiterated a “buy” rating and set a $26.00 price target on shares of Reis in a research report on Tuesday, August 8th. ValuEngine upgraded Reis from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research upgraded Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Saturday, November 11th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $23.33.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.14%. Reis’s payout ratio is currently 680.00%.
In other Reis news, CFO Mark P. Cantaluppi sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $20.25, for a total transaction of $81,000.00. Following the completion of the transaction, the chief financial officer now owns 116,508 shares of the company’s stock, valued at $2,359,287. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William Sander sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.00, for a total value of $90,000.00. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $229,500 in the last three months. Insiders own 21.60% of the company’s stock.
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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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