Reis, Inc (NASDAQ:REIS) to Post Q1 2018 Earnings of $0.04 Per Share, B. Riley Forecasts

Reis, Inc (NASDAQ:REIS) – B. Riley lowered their Q1 2018 earnings estimates for Reis in a report issued on Thursday, according to Zacks Investment Research. B. Riley analyst M. Crawford now forecasts that the business services provider will earn $0.04 per share for the quarter, down from their previous estimate of $0.06. B. Riley also issued estimates for Reis’ Q2 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.26 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.12 EPS and Q4 2019 earnings at $0.14 EPS.

A number of other equities analysts have also recently weighed in on the company. BidaskClub upgraded Reis from a “hold” rating to a “buy” rating in a report on Saturday, March 24th. Canaccord Genuity restated a “hold” rating on shares of Reis in a report on Sunday, March 11th. Zacks Investment Research cut Reis from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. Finally, ValuEngine cut Reis from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Reis currently has a consensus rating of “Hold” and a consensus target price of $23.33.

NASDAQ REIS traded down $0.45 on Friday, reaching $21.00. The company had a trading volume of 85,328 shares, compared to its average volume of 18,726. The stock has a market cap of $248.17, a PE ratio of 130.63 and a beta of 1.02. Reis has a 1 year low of $15.95 and a 1 year high of $22.35.

Reis (NASDAQ:REIS) last issued its earnings results on Thursday, March 8th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). Reis had a positive return on equity of 2.06% and a negative net margin of 6.55%. The firm had revenue of $12.26 million for the quarter, compared to analysts’ expectations of $12.40 million.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, March 7th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Tuesday, March 6th. This is a boost from Reis’s previous quarterly dividend of $0.17. Reis’s dividend payout ratio is currently 475.00%.

In other Reis news, CEO Lloyd Lynford sold 6,746 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.55, for a total value of $118,392.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO William Sander sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $20.26, for a total value of $101,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,785 shares of company stock worth $624,486. 21.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in REIS. Rodgers Brothers Inc. acquired a new position in shares of Reis in the 4th quarter valued at approximately $257,000. Deutsche Bank AG raised its position in shares of Reis by 147.5% in the 4th 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. Ranger Investment Management L.P. raised its position in shares of Reis by 9.6% in the 4th quarter. Ranger Investment Management L.P. now owns 135,000 shares of the business services provider’s stock valued at $2,788,000 after purchasing an additional 11,869 shares in the last quarter. Northern Trust Corp raised its position in shares of Reis by 9.5% in the 2nd quarter. Northern Trust Corp now owns 134,745 shares of the business services provider’s stock valued at $2,863,000 after purchasing an additional 11,724 shares in the last quarter. Finally, State Street Corp raised its position in shares of Reis by 8.6% in the 2nd quarter. State Street Corp now owns 130,971 shares of the business services provider’s stock valued at $2,784,000 after purchasing an additional 10,393 shares in the last quarter. 58.47% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Reis (NASDAQ:REIS)

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