Reis, Inc (REIS) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp increased its position in shares of Reis, Inc (NASDAQ:REIS) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,042 shares of the business services provider’s stock after acquiring an additional 1,417 shares during the period. Bank of New York Mellon Corp owned approximately 0.88% of Reis worth $2,147,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Mraz Amerine & Associates Inc. acquired a new position in Reis during the second quarter worth about $200,000. Strs Ohio increased its stake in Reis by 6.0% in the 2nd quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock worth $486,000 after purchasing an additional 1,300 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Reis by 16.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 29,955 shares of the business services provider’s stock worth $637,000 after purchasing an additional 4,127 shares in the last quarter. Geode Capital Management LLC increased its stake in Reis by 5.0% in the 1st quarter. Geode Capital Management LLC now owns 64,658 shares of the business services provider’s stock worth $1,157,000 after purchasing an additional 3,057 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in Reis in the 2nd quarter worth about $1,622,000. 59.72% of the stock is currently owned by hedge funds and other institutional investors.
REIS has been the topic of a number of analyst reports. TheStreet raised Reis from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Reis in a research note on Thursday, August 3rd. ValuEngine raised Reis from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, Zacks Investment Research raised Reis from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $24.50.
Reis, Inc (REIS) opened at 19.60 on Friday. The stock has a market cap of $225.64 million, a PE ratio of 196.00 and a beta of 1.12. Reis, Inc has a 52 week low of $15.95 and a 52 week high of $23.63. The company has a 50-day moving average price of $17.87 and a 200-day moving average price of $18.95.
Reis (NASDAQ:REIS) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $12.20 million. Analysts anticipate that Reis, Inc will post $0.16 earnings per share for the current year.
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In other Reis news, COO William Sander sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.00, for a total value of $90,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 21.60% 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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