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.
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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