Reis Inc. (NASDAQ:REIS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

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. “

A number of other research firms also recently weighed in on REIS. B. Riley restated a “buy” rating and issued a $33.25 price target on shares of Reis in a research note on Monday, August 1st. TheStreet cut Reis from a “buy” rating to a “hold” rating in a research report on Friday, August 19th.

Shares of Reis (NASDAQ:REIS) opened at 22.30 on Friday. Reis has a 52-week low of $18.16 and a 52-week high of $26.59. The company has a market capitalization of $252.01 million, a PE ratio of 40.69 and a beta of 1.06. The stock’s 50 day moving average price is $20.56 and its 200-day moving average price is $22.30.

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Advisors LLC boosted its stake in 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 during the last quarter. American International Group Inc. boosted its stake in 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 during the last quarter. Advisors Asset Management Inc. boosted its stake in Reis by 3,155.5% in the third quarter. Advisors Asset Management Inc. now owns 6,218 shares of the company’s stock valued at $127,000 after buying an additional 6,027 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Reis during the third quarter valued at $146,000. Finally, Rhumbline Advisers boosted its stake in Reis by 2.6% in the third quarter. Rhumbline Advisers now owns 12,028 shares of the company’s stock valued at $246,000 after buying an additional 300 shares during the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:REIS

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