Reis Inc (NASDAQ:REIS) insider Jonathan Garfield sold 5,801 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.63, for a total value of $102,271.63. Following the completion of the sale, the insider now owns 883,620 shares of the company’s stock, valued at $15,578,220.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Jonathan Garfield also recently made the following trade(s):
- On Monday, February 12th, Jonathan Garfield sold 200 shares of Reis stock. The stock was sold at an average price of $18.38, for a total value of $3,676.00.
- On Wednesday, February 7th, Jonathan Garfield sold 3,726 shares of Reis stock. The stock was sold at an average price of $18.85, for a total value of $70,235.10.
Shares of Reis Inc (NASDAQ REIS) opened at $18.80 on Friday. Reis Inc has a 1-year low of $15.95 and a 1-year high of $23.00. The firm has a market capitalization of $217.90, a P/E ratio of 188.00 and a beta of 1.11.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, March 7th will be issued a $0.19 dividend. This is a positive change from Reis’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, March 6th. Reis’s payout ratio is 680.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Reis by 0.4% in 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. BlackRock Inc. lifted 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 purchasing an additional 4,530 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Reis by 2.8% in 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. Wasatch Advisors Inc. lifted its holdings in shares of Reis by 5.9% during the second quarter. Wasatch Advisors Inc. now owns 301,325 shares of the business services provider’s stock worth $6,403,000 after buying an additional 16,745 shares during the last quarter. Finally, Ranger Investment Management L.P. lifted its holdings in shares of Reis by 9.6% during the fourth quarter. Ranger Investment Management L.P. now owns 135,000 shares of the business services provider’s stock worth $2,788,000 after buying an additional 11,869 shares during the last quarter. Hedge funds and other institutional investors own 58.97% of the company’s stock.
REIS has been the subject of several analyst reports. B. Riley restated a “buy” rating and issued a $26.00 target price on shares of Reis in a report on Wednesday, November 8th. Zacks Investment Research upgraded Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Saturday, November 11th. Finally, ValuEngine lowered Reis from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Reis presently has a consensus rating of “Hold” and an average price target of $23.33.
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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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