Ranger Investment Management L.P. maintained its stake in Reis, Inc (NASDAQ:REIS) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,570 shares of the business services provider’s stock at the end of the first quarter. Ranger Investment Management L.P. owned about 0.71% of Reis worth $1,460,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of REIS. Martingale Asset Management L P boosted its position in shares of Reis by 1.0% in the first quarter. Martingale Asset Management L P now owns 10,501 shares of the business services provider’s stock valued at $188,000 after buying an additional 101 shares during the last quarter. Congress Asset Management Co. MA acquired a new stake in shares of Reis during the fourth quarter worth $420,000. Keybank National Association OH boosted its stake in shares of Reis by 8.2% in the fourth quarter. Keybank National Association OH now owns 20,838 shares of the business services provider’s stock worth $464,000 after buying an additional 1,573 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Reis by 81.5% in the first quarter. Advisors Asset Management Inc. now owns 25,828 shares of the business services provider’s stock worth $462,000 after buying an additional 11,598 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Reis by 6.5% in the first quarter. Bahl & Gaynor Inc. now owns 63,966 shares of the business services provider’s stock worth $1,145,000 after buying an additional 3,905 shares in the last quarter. Institutional investors own 59.72% of the company’s stock.
Shares of Reis, Inc (NASDAQ REIS) traded up 1.72% on Wednesday, reaching $20.75. 6,203 shares of the company’s stock were exchanged. Reis, Inc has a 12 month low of $16.90 and a 12 month high of $26.57. The firm’s 50 day moving average price is $19.76 and its 200-day moving average price is $19.68. The company has a market capitalization of $238.94 million, a P/E ratio of 138.33 and a beta of 1.08.
Reis (NASDAQ:REIS) last posted its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Reis had a return on equity of 1.73% and a net margin of 3.66%. The company had revenue of $12.13 million during the quarter, compared to analysts’ expectations of $11.80 million. On average, equities analysts anticipate that Reis, Inc will post $0.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Wednesday, June 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Monday, June 5th. Reis’s dividend payout ratio (DPR) is presently 453.33%.
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REIS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Reis from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Canaccord Genuity restated a “buy” rating and set a $23.00 target price on shares of Reis in a report on Tuesday, May 9th. B. Riley restated a “buy” rating and set a $26.00 target price on shares of Reis in a report on Thursday, March 16th. Finally, TheStreet raised shares of Reis from a “c” rating to a “b-” rating in a research note on Monday, July 3rd.
In related news, COO William Sander sold 3,525 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $20.79, for a total transaction of $73,284.75. Following the completion of the sale, the chief operating officer now directly owns 167,736 shares of the company’s stock, valued at $3,487,231.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 21.60% of the company’s stock.
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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