Reis, Inc (REIS) Given Average Recommendation of “Hold” by Brokerages

Reis, Inc (NASDAQ:REIS) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $26.00.

REIS has been the topic of several analyst reports. Zacks Investment Research lowered Reis from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine lowered Reis from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Canaccord Genuity reaffirmed a “hold” rating on shares of Reis in a research report on Sunday, March 11th. Finally, BidaskClub raised Reis from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th.

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NASDAQ:REIS traded up $0.35 during mid-day trading on Wednesday, hitting $21.90. The company had a trading volume of 11,893 shares, compared to its average volume of 18,665. Reis has a fifty-two week low of $15.95 and a fifty-two week high of $22.35. The firm has a market capitalization of $249.33, a price-to-earnings ratio of 136.88 and a beta of 1.03.

Reis (NASDAQ:REIS) last released its earnings results on Thursday, March 8th. The business services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Reis had a negative net margin of 6.55% and a positive return on equity of 2.06%. The company had revenue of $12.26 million during the quarter, compared to analyst estimates of $12.40 million. sell-side analysts expect that Reis will post 0.26 EPS for the current year.

In other news, COO William Sander sold 2,264 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $18.86, for a total transaction of $42,699.04. Following the sale, the chief operating officer now owns 173,861 shares of the company’s stock, valued at $3,279,018.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark P. Cantaluppi sold 1,531 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $18.68, for a total value of $28,599.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,785 shares of company stock worth $628,786. 21.60% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Reis by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 855,442 shares of the business services provider’s stock worth $15,398,000 after buying an additional 3,562 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Reis by 57.7% during the third quarter. Wells Fargo & Company MN now owns 9,862 shares of the business services provider’s stock worth $177,000 after buying an additional 3,607 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Reis by 0.8% during the fourth quarter. BlackRock Inc. now owns 598,167 shares of the business services provider’s stock worth $12,352,000 after buying an additional 4,530 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Reis by 44.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,249 shares of the business services provider’s stock worth $398,000 after buying an additional 5,949 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Reis by 8.6% during the second quarter. State Street Corp now owns 130,971 shares of the business services provider’s stock worth $2,784,000 after buying an additional 10,393 shares in the last quarter. Institutional investors and hedge funds own 58.47% of the company’s stock.

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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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