Reis (reis) rating grow to purchase at bidaskclub – bangaloreweekly database builder

BidaskClub upgraded shares of reis (NASDAQ:REIS) from a hold rating to a buy rating in a research report report published on saturday morning.

Several other equities experts have also issued reports on the stock. ValuEngine lowered shares of reis from a hold rating to a sell rating in a report on tuesday, february 13th. Zacks investment research lowered shares of reis from a strong-buy rating to a hold rating in a report on wednesday, january 10th. Finally, canaccord genuity reiterated a hold rating on shares of reis in a report on sunday, march 11th. Two research experts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock.Business services the stock presently has a consensus rating of hold and an average price target of $23.33.


REIS stock opened at $21.75 on friday. Reis has a 1-year low of $15.95 and a 1-year high of $22.35. The stock has a market cap of $248.75, a P/E ratio of 134.38 and a beta of 1.14.

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Reis (NASDAQ:REIS) last released its earnings results on thursday, march 8th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, missing the thomson reuters’ consensus estimate of $0.05 by ($0.01).Hold rating reis had a negative net margin of 6.55% and a positive return on equity of 2.06%. The business had revenue of $12.26 million for the quarter, compared to experts’ expectations of $12.40 million. Experts expect that reis will post 0.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on wednesday, march 14th. Investors of record on wednesday, march 7th were issued a $0.19 dividend. This is a positive change from reis’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was tuesday, march 6th.Owns shares reis’s payout ratio is presently -271.42%.

In related news, insider jonathan garfield sold 3,726 shares of the business’s stock in a transaction that occurred on wednesday, february 7th. The shares were sold at an average price of $18.85, for a total value of $70,235.10. Following the completion of the transaction, the insider now directly owns 887,546 shares in the company, valued at approximately $16,730,242.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO lloyd lynford sold 4,250 shares of the business’s stock in a transaction that occurred on wednesday, february 7th. The stock was sold at an average price of $18.86, for a total transaction of $80,155.00.Business services following the completion of the transaction, the chief executive officer now owns 1,303,235 shares of the company’s stock, valued at $24,579,012.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,785 shares of company stock valued at $624,486. 21.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rodgers brothers inc. Purchased a new position in reis in the 4th quarter worth approximately $257,000. Deutsche bank AG raised its holdings in reis by 147.5% in the 4th quarter. Deutsche bank AG now owns 20,034 shares of the business services provider’s stock worth $413,000 after acquiring an additional 11,941 shares during the last quarter.Hold rating ranger investment management L.P. Raised its holdings in reis by 9.6% in the 4th quarter. Ranger investment management L.P. Now owns 135,000 shares of the business services provider’s stock worth $2,788,000 after acquiring an additional 11,869 shares during the last quarter. BlackRock inc. Raised its holdings in reis by 0.8% in the 4th quarter. BlackRock inc. Now owns 598,167 shares of the business services provider’s stock worth $12,352,000 after acquiring an additional 4,530 shares during the last quarter. Finally, wells fargo & company MN raised its holdings in reis by 41.7% in the 4th quarter. Wells fargo & company MN now owns 13,974 shares of the business services provider’s stock worth $289,000 after acquiring an additional 4,112 shares during the last quarter.Hold rating institutional investors own 58.47% of the company’s stock.

Reis, inc, through its subsidiary, reis services, provides commercial real estate market information and analytical tools to real estate professionals in the united states. The company maintains a proprietary database containing information on commercial properties, including apartment, office, retail, warehouse/distribution, flex/research and development, self-storage, and seniors and student housing properties in the metropolitan markets and neighborhoods.

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