Emerald Mutual Fund Advisers Trust held its position in shares of Reis Inc. (NASDAQ:REIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,026 shares of the company’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust’s holdings in Reis were worth $5,504,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of REIS. Acrospire Investment Management LLC acquired a new position in Reis during the first quarter valued at approximately $181,000. Strs Ohio raised its position in Reis by 12.4% in the second quarter. Strs Ohio now owns 22,400 shares of the company’s stock valued at $557,000 after buying an additional 2,477 shares during the period. Geode Capital Management LLC raised its position in Reis by 1.8% in the first quarter. Geode Capital Management LLC now owns 59,209 shares of the company’s stock valued at $1,394,000 after buying an additional 1,033 shares during the period. Pembroke Management LTD acquired a new position in Reis during the second quarter valued at approximately $1,663,000. Finally, State Street Corp raised its position in Reis by 1.3% in the first quarter. State Street Corp now owns 109,168 shares of the company’s stock valued at $2,571,000 after buying an additional 1,453 shares during the period. Hedge funds and other institutional investors own 59.50% of the company’s stock.
Reis Inc. (NASDAQ:REIS) traded down 1.56% during midday trading on Friday, hitting $20.24. 34,075 shares of the stock traded hands. The firm has a market cap of $229.24 million, a PE ratio of 31.19 and a beta of 1.02. The stock has a 50-day moving average of $20.00 and a 200 day moving average of $22.91. Reis Inc. has a 52-week low of $18.16 and a 52-week high of $26.59.
Reis (NASDAQ:REIS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by $0.02. The company earned $11.60 million during the quarter, compared to analysts’ expectations of $12.80 million. Reis had a return on equity of 6.35% and a net margin of 14.89%. Equities analysts forecast that Reis Inc. will post $0.35 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.36%. The ex-dividend date was Tuesday, September 6th. Reis’s payout ratio is presently 104.62%.
Several equities analysts have commented on REIS shares. TheStreet lowered shares of Reis from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Zacks Investment Research upgraded shares of Reis from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, B. Riley restated a “buy” rating and issued a $29.00 target price on shares of Reis in a report on Thursday, August 11th.
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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