Insider Selling: Reis, Inc (REIS) CFO Sells $81,000.00 in Stock

Reis, Inc (NASDAQ:REIS) CFO Mark P. Cantaluppi sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $20.25, for a total transaction of $81,000.00. Following the completion of the transaction, the chief financial officer now directly owns 116,508 shares in the company, valued at approximately $2,359,287. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Reis, Inc (REIS) traded down $0.40 during trading on Friday, reaching $19.65. 4,872 shares of the company were exchanged, compared to its average volume of 8,177. The stock has a market capitalization of $229.94, a P/E ratio of 200.50 and a beta of 1.22. Reis, Inc has a 52 week low of $15.95 and a 52 week high of $23.62.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, December 5th. Reis’s payout ratio is 680.00%.

Several equities analysts have recently commented on REIS shares. B. Riley set a $26.00 target price on shares of Reis and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Saturday, November 11th. Finally, ValuEngine raised shares of Reis from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. One research 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 company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $23.33.

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in Reis by 57.7% during the third quarter. Wells Fargo & Company MN now owns 9,862 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 3,607 shares in the last quarter. Mraz Amerine & Associates Inc. bought a new position in Reis during the second quarter valued at $200,000. Teachers Advisors LLC increased its position in Reis by 17.8% during the second quarter. Teachers Advisors LLC now owns 15,209 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 2,300 shares during the last quarter. Strs Ohio grew its holdings in shares of Reis by 6.0% in the second quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock worth $486,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Reis by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 33,101 shares of the business services provider’s stock worth $596,000 after purchasing an additional 3,146 shares during the last quarter. 59.16% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/09/insider-selling-reis-inc-reis-cfo-sells-81000-00-in-stock.html.

About Reis

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.

Insider Buying and Selling by Quarter for Reis (NASDAQ:REIS)

Receive News & Ratings for Reis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reis Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply