Reis Inc. (REIS) to Issue Quarterly Dividend of $0.17 on December 14th
Reis Inc. (NASDAQ:REIS) announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Wednesday, December 7th will be given a dividend of 0.17 per share on Wednesday, December 14th. This represents a $0.68 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Monday, December 5th.
Shares of Reis (NASDAQ:REIS) opened at 22.25 on Wednesday. The firm has a 50-day moving average of $20.98 and a 200 day moving average of $22.08. The stock has a market capitalization of $251.45 million, a PE ratio of 40.60 and a beta of 1.06. Reis has a 52-week low of $18.16 and a 52-week high of $26.59.
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Several equities research analysts recently commented on REIS shares. B. Riley reiterated a “buy” rating and issued a $29.00 price objective on shares of Reis in a research report on Friday, November 4th. Zacks Investment Research upgraded shares of Reis from a “sell” rating to a “hold” rating in a research report on Thursday, October 6th. Finally, TheStreet lowered shares of Reis from a “buy” rating to a “hold” rating in a research report on Friday, August 19th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REIS. Vanguard Group Inc. increased its position in Reis by 0.6% in the second quarter. Vanguard Group Inc. now owns 330,022 shares of the company’s stock worth $8,218,000 after buying an additional 2,060 shares in the last quarter. Northern Trust Corp increased its position in Reis by 29.2% in the third quarter. Northern Trust Corp now owns 263,658 shares of the company’s stock worth $5,394,000 after buying an additional 59,585 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Reis by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 257,289 shares of the company’s stock worth $6,406,000 after buying an additional 7,312 shares in the last quarter. BlackRock Fund Advisors increased its position in Reis by 9.1% in the third quarter. BlackRock Fund Advisors now owns 247,629 shares of the company’s stock worth $5,066,000 after buying an additional 20,693 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Reis by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 94,920 shares of the company’s stock worth $1,942,000 after buying an additional 1,714 shares in the last quarter. Institutional investors own 61.22% of the company’s stock.
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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