Insider Selling: Reis, Inc (REIS) CFO Sells 3,000 Shares of Stock

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 large investors have recently added to or reduced their stakes in REIS. Vanguard Group Inc. grew its stake in shares of Reis by 4.4% in the first quarter. Vanguard Group Inc. now owns 359,643 shares of the business services provider’s stock worth $6,438,000 after purchasing an additional 14,994 shares in the last quarter. Geode Capital Management LLC boosted its stake in Reis by 5.0% during the first quarter. Geode Capital Management LLC now owns 64,658 shares of the business services provider’s stock valued at $1,157,000 after buying an additional 3,057 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Reis by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 851,253 shares of the business services provider’s stock valued at $15,237,000 after buying an additional 5,222 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Reis by 4.7% during the first quarter. Renaissance Technologies LLC now owns 311,700 shares of the business services provider’s stock valued at $5,579,000 after buying an additional 13,900 shares in the last quarter. Finally, Strs Ohio boosted its stake in Reis by 6.0% during the second quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock valued at $486,000 after buying an additional 1,300 shares in the last quarter. 55.44% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Reis (NASDAQ:REIS)

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