Reis, Inc (REIS) to Issue Quarterly Dividend of $0.17 on September 14th
Reis, Inc (NASDAQ:REIS) declared a quarterly dividend on Wednesday, August 16th, Wall Street Journal reports. Shareholders of record on Thursday, September 7th will be paid a dividend of 0.17 per share by the business services provider on Thursday, September 14th. This represents a $0.68 annualized dividend and a yield of 3.98%. The ex-dividend date is Wednesday, September 6th.
Reis (NASDAQ REIS) opened at 17.10 on Friday. The stock has a 50 day moving average price of $18.98 and a 200-day moving average price of $19.17. Reis has a 12-month low of $15.95 and a 12-month high of $23.62. The company has a market cap of $196.86 million, a price-to-earnings ratio of 171.00 and a beta of 1.08.
Reis (NASDAQ:REIS) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Reis had a return on equity of 1.20% and a net margin of 2.49%. The firm had revenue of $11.71 million for the quarter, compared to the consensus estimate of $12.20 million. On average, analysts predict that Reis will post $0.16 EPS for the current fiscal year.
A number of research analysts have weighed in on REIS shares. Zacks Investment Research upgraded Reis from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Canaccord Genuity reiterated a “buy” rating and set a $23.00 target price on shares of Reis in a report on Tuesday, May 9th. TheStreet upgraded Reis from a “c” rating to a “b-” rating in a report on Monday, July 3rd. Finally, B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Reis in a report on Thursday, August 3rd.
In other news, COO William Sander sold 3,525 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $20.79, for a total value of $73,284.75. Following the sale, the chief operating officer now directly owns 167,736 shares of the company’s stock, valued at approximately $3,487,231.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 21.60% of the company’s stock.
A hedge fund recently raised its stake in Reis stock. State Street Corp increased its position in Reis, Inc (NASDAQ:REIS) by 8.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 130,971 shares of the business services provider’s stock after buying an additional 10,393 shares during the period. State Street Corp owned about 1.14% of Reis worth $2,784,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 59.72% of the company’s stock.
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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