Reis, Inc (REIS) Plans Quarterly Dividend of $0.17
Reis, Inc (NASDAQ:REIS) declared a quarterly dividend on Wednesday, November 15th, Wall Street Journal reports. Stockholders of record on Wednesday, December 6th will be paid a dividend of 0.17 per share by the business services provider on Wednesday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Tuesday, December 5th.
Reis (NASDAQ:REIS) opened at $18.30 on Thursday. Reis has a 1 year low of $15.95 and a 1 year high of $23.63. The stock has a market capitalization of $214.46, a PE ratio of 187.00 and a beta of 1.14.
In other Reis news, COO William Sander sold 5,000 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.60% of the company’s stock.
An institutional investor recently raised its position in Reis stock. State Street Corp lifted its position in Reis, Inc (NASDAQ:REIS) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,971 shares of the business services provider’s stock after acquiring an additional 10,393 shares during the period. State Street Corp owned 1.14% of Reis worth $2,784,000 as of its most recent SEC filing. Institutional investors own 59.83% of the company’s stock.
Several research firms have recently commented on REIS. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Reis in a report on Friday, July 28th. TheStreet downgraded Reis from a “b-” rating to a “c+” rating in a report on Friday, August 4th. ValuEngine raised Reis from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research raised Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Saturday, November 11th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Reis presently has a consensus rating of “Buy” and a consensus target price of $23.33.
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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