Reis, Inc (NASDAQ:REIS) CFO Mark P. Cantaluppi sold 3,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $19.50, for a total value of $58,500.00. Following the completion of the sale, the chief financial officer now directly owns 119,264 shares in the company, valued at $2,325,648. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Reis, Inc (NASDAQ:REIS) traded down $0.15 during trading hours on Wednesday, hitting $19.70. The stock had a trading volume of 9,915 shares, compared to its average volume of 24,486. Reis, Inc has a 12 month low of $15.95 and a 12 month high of $23.63. The company has a market capitalization of $223.63, a PE ratio of 195.00 and a beta of 1.14.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, December 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.45%. Reis’s payout ratio is 680.00%.
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Several research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Reis in a research note on Thursday, August 3rd. TheStreet cut Reis from a “b-” rating to a “c+” rating in a research note on Friday, August 4th. Zacks Investment Research raised Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Saturday, November 11th. Finally, ValuEngine raised 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 issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.33.
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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