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

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 analysts also recently commented on REIS. B. Riley reissued a “buy” rating and set a $29.00 target price on shares of Reis in a report on Thursday, August 11th. TheStreet cut Reis from a “buy” rating to a “hold” rating in a report on Friday, August 19th.

Reis (NASDAQ:REIS) opened at 22.25 on Wednesday. The company has a 50-day moving average of $20.98 and a 200-day moving average of $22.08. The company has a market cap of $251.45 million, a price-to-earnings ratio of 40.60 and a beta of 1.06. Reis has a one year low of $18.16 and a one year high of $26.59.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Monday, December 5th. Reis’s dividend payout ratio (DPR) is currently 123.64%.

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Large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC raised its stake 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 during the period. American International Group Inc. raised its stake 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 during the period. Advisors Asset Management Inc. increased its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Reis during the third quarter valued at about $146,000. Finally, Rhumbline Advisers increased its position in shares of 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 in the last quarter. 61.22% of the stock is currently owned by institutional investors.

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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