Bank of New York Mellon Corp lowered its stake in shares of Reis, Inc (NASDAQ:REIS) by 16.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,625 shares of the business services provider’s stock after selling 19,301 shares during the period. Bank of New York Mellon Corp owned approximately 0.87% of Reis worth $1,784,000 as of its most recent filing with the SEC.
Separately, Advisors Asset Management Inc. raised its position in shares of Reis by 81.5% in the first quarter. Advisors Asset Management Inc. now owns 25,828 shares of the business services provider’s stock valued at $462,000 after buying an additional 11,598 shares during the period. Institutional investors and hedge funds own 59.72% of the company’s stock.
Reis, Inc (REIS) opened at 21.40 on Tuesday. The company has a market capitalization of $246.42 million, a price-to-earnings ratio of 142.67 and a beta of 1.08. The company’s 50-day moving average price is $20.87 and its 200 day moving average price is $19.55. Reis, Inc has a 52-week low of $16.90 and a 52-week high of $24.44.
Reis (NASDAQ:REIS) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Reis had a return on equity of 1.73% and a net margin of 3.66%. The company had revenue of $12.13 million for the quarter, compared to analysts’ expectations of $11.80 million. On average, equities analysts expect that Reis, Inc will post $0.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Wednesday, June 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 5th. This represents a $0.68 annualized dividend and a yield of 3.18%. Reis’s payout ratio is currently 453.33%.
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Several equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating and set a $26.00 price objective on shares of Reis in a research report on Wednesday, May 10th. Zacks Investment Research upgraded Reis from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. TheStreet upgraded Reis from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $23.00 price objective on shares of Reis in a research report on Tuesday, May 9th.
In other Reis news, COO William Sander sold 3,525 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $20.79, for a total transaction of $73,284.75. Following the sale, the chief operating officer now directly owns 167,736 shares of the company’s stock, valued at $3,487,231.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.60% of the company’s stock.
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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