Reis, Inc (REIS) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Reis, Inc (NASDAQ:REIS) from a hold rating to a strong-buy rating in a report issued on Saturday morning. The brokerage currently has $21.00 target price on the business services provider’s stock.
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. “
Several other research analysts have also recently commented on REIS. B. Riley reissued a buy rating and set a $26.00 price target on shares of Reis in a research report on Friday, July 28th. TheStreet cut Reis from a b- rating to a c+ rating in a research report on Friday, August 4th. Finally, ValuEngine raised Reis from a sell rating to a hold rating in a research report on Friday, September 22nd. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Reis currently has a consensus rating of Buy and a consensus price target of $23.33.
Reis (NASDAQ REIS) opened at $18.85 on Friday. Reis has a 52-week low of $15.95 and a 52-week high of $23.63. The company has a market capitalization of $211.59, a P/E ratio of 184.50 and a beta of 1.14.
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In other news, COO William Sander sold 5,000 shares of the firm’s 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 available through this hyperlink. Company insiders own 21.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Reis by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 855,442 shares of the business services provider’s stock worth $15,398,000 after purchasing an additional 3,562 shares during the last quarter. Cowen Prime Services LLC lifted its holdings in Reis by 4.9% during the 2nd quarter. Cowen Prime Services LLC now owns 533,700 shares of the business services provider’s stock worth $11,341,000 after purchasing an additional 25,000 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in Reis by 1.0% during the 2nd quarter. TimesSquare Capital Management LLC now owns 449,463 shares of the business services provider’s stock worth $9,551,000 after purchasing an additional 4,338 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Reis by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 369,691 shares of the business services provider’s stock worth $7,856,000 after purchasing an additional 10,048 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Reis by 4.7% during the 1st quarter. Renaissance Technologies LLC now owns 311,700 shares of the business services provider’s stock worth $5,579,000 after purchasing an additional 13,900 shares during the last quarter. 59.83% of the stock is owned by institutional investors and hedge funds.
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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