Analysts Set $26.00 Target Price for Reis, Inc (REIS)
Shares of Reis, Inc (NASDAQ:REIS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $26.00 for the company and are forecasting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Reis an industry rank of 38 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently commented on REIS shares. B. Riley set a $26.00 price objective on shares of Reis and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Saturday, November 11th. Finally, ValuEngine raised shares of Reis from a “sell” rating to a “hold” rating in a report on Friday, September 22nd.
A number of hedge funds have recently made changes to their positions in REIS. Vanguard Group Inc. lifted its holdings in Reis by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 359,643 shares of the business services provider’s stock valued at $6,438,000 after purchasing an additional 14,994 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Reis by 5.0% during the 1st quarter. Geode Capital Management LLC now owns 64,658 shares of the business services provider’s stock valued at $1,157,000 after purchasing an additional 3,057 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Reis by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 851,253 shares of the business services provider’s stock valued at $15,237,000 after purchasing an additional 5,222 shares during the last quarter. Strs Ohio lifted its holdings in Reis by 6.0% during the 2nd quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Reis by 16.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 29,955 shares of the business services provider’s stock valued at $637,000 after purchasing an additional 4,127 shares during the last quarter. 59.16% of the stock is owned by hedge funds and other institutional investors.
Reis (NASDAQ:REIS) traded down $0.05 during trading hours on Friday, hitting $21.65. 8,495 shares of the stock were exchanged, compared to its average volume of 8,086. The company has a market cap of $248.28, a P/E ratio of 216.50 and a beta of 1.21. Reis has a one year low of $15.95 and a one year high of $23.62.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.14%. The ex-dividend date is Tuesday, December 5th. Reis’s dividend payout ratio is currently 680.00%.
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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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