Reis Inc (REIS) Announces Quarterly Dividend of $0.19

Reis Inc (NASDAQ:REIS) announced a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Stockholders of record on Wednesday, March 7th will be given a dividend of 0.19 per share by the business services provider on Wednesday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, March 6th. This is a boost from Reis’s previous quarterly dividend of $0.17.

Shares of Reis (NASDAQ REIS) opened at $18.80 on Friday. Reis has a 1 year low of $15.95 and a 1 year high of $23.00. The firm has a market cap of $217.90, a P/E ratio of 188.00 and a beta of 1.11.

In other Reis news, insider Jonathan Garfield sold 3,726 shares of Reis stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $18.85, for a total value of $70,235.10. Following the completion of the transaction, the insider now owns 887,546 shares of the company’s stock, valued at $16,730,242.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO William Sander sold 5,000 shares of Reis stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $20.26, for a total transaction of $101,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,785 shares of company stock valued at $763,986. 21.60% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in Reis stock. State Street Corp boosted its holdings in Reis Inc (NASDAQ:REIS) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,971 shares of the business services provider’s stock after purchasing an additional 10,393 shares during the quarter. State Street Corp owned approximately 1.14% of Reis worth $2,784,000 at the end of the most recent quarter. 58.97% of the stock is owned by institutional investors and hedge funds.

REIS has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $26.00 price target on shares of Reis in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of Reis from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Saturday, November 11th. Finally, ValuEngine downgraded shares of Reis from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $23.33.

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About Reis

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.

Dividend History for Reis (NASDAQ:REIS)

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