Reis Inc. (REIS) Stock Rating Upgraded by Zacks Investment Research
Reis Inc. (NASDAQ:REIS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. “
REIS has been the topic of a number of other reports. TheStreet downgraded Reis from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. B. Riley reissued a “buy” rating and issued a $29.00 price objective on shares of Reis in a research note on Thursday, August 11th.
Reis (NASDAQ:REIS) opened at 20.59 on Thursday. The company has a market capitalization of $233.20 million, a PE ratio of 31.73 and a beta of 1.02. The company’s 50-day moving average price is $19.96 and its 200 day moving average price is $22.92. Reis has a 52 week low of $18.16 and a 52 week high of $26.59.
Reis (NASDAQ:REIS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. Reis had a return on equity of 6.35% and a net margin of 14.89%. The firm had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $12.80 million. On average, equities research analysts anticipate 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. Shareholders of record on Thursday, September 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.30%. The ex-dividend date was Tuesday, September 6th. Reis’s dividend payout ratio is currently 104.62%.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC increased its position in shares of Reis by 1.4% in the second quarter. BlackRock Advisors LLC now owns 4,413 shares of the company’s stock valued at $110,000 after buying an additional 59 shares in the last quarter. American International Group Inc. increased its position in shares of Reis by 0.8% in the second quarter. American International Group Inc. now owns 5,034 shares of the company’s stock valued at $125,000 after buying an additional 41 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Reis during the first quarter valued at approximately $181,000. Suntrust Banks Inc. acquired a new position in shares of Reis during the second quarter valued at approximately $263,000. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Reis during the second quarter valued at approximately $264,000. 59.50% of the stock is currently owned by institutional investors.
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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