California State Teachers Retirement System increased its stake in shares of Reis Inc. (NASDAQ:REIS) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 18,338 shares of the company’s stock after buying an additional 269 shares during the period. California State Teachers Retirement System owned about 0.16% of Reis worth $457,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. raised its stake in Reis by 1.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 286,515 shares of the company’s stock valued at $7,134,000 after buying an additional 3,600 shares during the last quarter. State Street Corp raised its stake 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 last quarter. Bank of New York Mellon Corp raised its stake in Reis by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 93,206 shares of the company’s stock valued at $2,321,000 after buying an additional 3,034 shares during the last quarter. Pembroke Management LTD bought a new stake in Reis during the second quarter valued at $1,663,000. Finally, Geode Capital Management LLC raised its stake 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 last quarter. Institutional investors own 59.50% of the company’s stock.
Shares of Reis Inc. (NASDAQ:REIS) remained flat at $20.30 during trading on Tuesday. 14,463 shares of the company’s stock were exchanged. Reis Inc. has a 12-month low of $18.16 and a 12-month high of $26.59. The company’s 50-day moving average is $20.05 and its 200 day moving average is $22.88. The company has a market cap of $229.92 million, a P/E ratio of 31.28 and a beta of 1.02.
Reis (NASDAQ:REIS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. Reis had a return on equity of 6.35% and a net margin of 14.89%. The company had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $12.80 million. Equities analysts anticipate that Reis Inc. will post $0.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a $0.68 dividend on an annualized basis and a yield of 3.35%. Reis’s dividend payout ratio is currently 104.62%.
REIS has been the topic of several recent research reports. Zacks Investment Research lowered Reis from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. TheStreet downgraded Reis from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Finally, B. Riley reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Reis in a research report on Thursday, August 11th.
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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