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

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. “

Other research analysts have also issued research reports about the stock. TheStreet lowered shares of Reis from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. B. Riley reiterated a “buy” rating and issued a $28.00 price objective on shares of Reis in a research note on Monday, November 14th.

Reis (NASDAQ:REIS) opened at 22.05 on Tuesday. The firm has a 50-day moving average of $20.87 and a 200-day moving average of $22.17. Reis has a one year low of $18.16 and a one year high of $26.59. The firm has a market cap of $249.19 million, a price-to-earnings ratio of 40.24 and a beta of 1.06.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, December 7th will be paid a $0.17 dividend. The ex-dividend date is Monday, December 5th. This represents a $0.68 annualized dividend and a yield of 3.08%. Reis’s dividend payout ratio is presently 123.64%.

Several hedge funds and other institutional investors have recently made changes to their positions in REIS. Punch & Associates Investment Management Inc. raised its position in shares of Reis by 1.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 286,515 shares of the company’s stock valued at $7,134,000 after buying an additional 3,600 shares during the period. Pembroke Management LTD acquired a new position in shares of Reis during the second quarter valued at approximately $1,663,000. Strs Ohio raised its position in shares of Reis by 12.4% in the second quarter. Strs Ohio now owns 22,400 shares of the company’s stock valued at $557,000 after buying an additional 2,477 shares during the period. Bank of New York Mellon Corp raised its position in shares of Reis by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 93,206 shares of the company’s stock valued at $2,321,000 after buying an additional 3,034 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Reis by 1.5% in the second quarter. California State Teachers Retirement System now owns 18,338 shares of the company’s stock valued at $457,000 after buying an additional 269 shares during the period. Institutional investors own 59.30% of the company’s stock.

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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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