News headlines about Reis (NASDAQ:REIS) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Reis earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.4164075061728 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Saturday, November 11th. B. Riley reaffirmed a “buy” rating and set a $26.00 target price on shares of Reis in a research note on Wednesday, November 8th. Finally, ValuEngine raised shares of Reis from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $23.33.
Reis (REIS) traded up $0.30 during midday trading on Thursday, hitting $19.45. 15,100 shares of the stock traded hands, compared to its average volume of 23,624. Reis has a twelve month low of $15.95 and a twelve month high of $23.63. The stock has a market capitalization of $219.62, a price-to-earnings ratio of 191.50 and a beta of 1.22.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Wednesday, December 6th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Tuesday, December 5th. Reis’s payout ratio is 680.00%.
In other news, COO William Sander sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.00, for a total value of $90,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark P. Cantaluppi sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $19.50, for a total transaction of $58,500.00. Following the completion of the transaction, the chief financial officer now directly owns 119,264 shares of the company’s stock, valued at approximately $2,325,648. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock valued at $229,500. Insiders own 21.60% of the company’s stock.
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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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