Strs Ohio increased its holdings in Reis Inc (NASDAQ:REIS) by 14.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,100 shares of the business services provider’s stock after buying an additional 3,200 shares during the quarter. Strs Ohio owned 0.23% of Reis worth $568,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Reis by 82.1% in the first quarter. The Manufacturers Life Insurance Company now owns 7,800 shares of the business services provider’s stock worth $168,000 after buying an additional 3,517 shares during the last quarter. Millennium Management LLC purchased a new position in Reis during the first quarter valued at approximately $329,000. Deutsche Bank AG lifted its holdings in Reis by 147.5% during the fourth quarter. Deutsche Bank AG now owns 20,034 shares of the business services provider’s stock valued at $413,000 after purchasing an additional 11,941 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new position in Reis during the first quarter valued at approximately $570,000. 58.33% of the stock is currently owned by institutional investors.
Shares of NASDAQ:REIS opened at $22.90 on Friday. Reis Inc has a 1-year low of $15.95 and a 1-year high of $24.00. The company has a market cap of $265.52 million, a price-to-earnings ratio of 327.86 and a beta of 1.00.
Reis (NASDAQ:REIS) last issued its quarterly earnings results on Thursday, August 9th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.05). Reis had a negative net margin of 10.19% and a positive return on equity of 1.03%. The firm had revenue of $11.98 million for the quarter, compared to analysts’ expectations of $11.91 million. equities research analysts forecast that Reis Inc will post 0.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, September 6th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.32%. The ex-dividend date is Wednesday, September 5th. Reis’s dividend payout ratio is currently 475.00%.
Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Reis from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub raised shares of Reis from a “buy” rating to a “strong-buy” rating in a report on Friday, July 6th. B. Riley reaffirmed a “neutral” rating and set a $23.00 price target on shares of Reis in a report on Friday, August 31st. Finally, ValuEngine downgraded shares of Reis from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.00.
Reis Company Profile
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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