Bank of New York Mellon Corp lowered its holdings in Reis, Inc (NASDAQ:REIS) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,860 shares of the business services provider’s stock after selling 4,080 shares during the period. Bank of New York Mellon Corp owned about 0.81% of Reis worth $1,918,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in Reis by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 13,974 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 4,112 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Reis by 44.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,249 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 5,949 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Reis by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 855,442 shares of the business services provider’s stock valued at $15,398,000 after purchasing an additional 3,562 shares during the last quarter. Finally, State Street Corp boosted its holdings in Reis by 8.6% in the second quarter. State Street Corp now owns 130,971 shares of the business services provider’s stock valued at $2,784,000 after purchasing an additional 10,393 shares during the last quarter. 58.47% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ REIS opened at $21.55 on Wednesday. Reis, Inc has a 52-week low of $15.95 and a 52-week high of $22.35. The company has a market cap of $243.54, a price-to-earnings ratio of 134.69 and a beta of 1.02.
Reis (NASDAQ:REIS) last announced its quarterly earnings data on Thursday, March 8th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Reis had a negative net margin of 6.55% and a positive return on equity of 2.06%. The firm had revenue of $12.26 million for the quarter, compared to analyst estimates of $12.40 million. equities research analysts expect that Reis, Inc will post 0.26 EPS for the current fiscal year.
Several analysts have issued reports on REIS shares. Canaccord Genuity restated a “hold” rating on shares of Reis in a research note on Sunday, March 11th. Zacks Investment Research cut Reis from a “hold” rating to a “sell” rating in a research note on Saturday, March 10th. BidaskClub upgraded Reis from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. Finally, ValuEngine cut Reis from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $23.33.
In other Reis news, CFO Mark P. Cantaluppi sold 1,341 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $18.83, for a total transaction of $25,251.03. Following the sale, the chief financial officer now owns 122,655 shares in the company, valued at $2,309,593.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lloyd Lynford sold 4,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $18.86, for a total value of $80,155.00. Following the sale, the chief executive officer now owns 1,303,235 shares in the company, valued at approximately $24,579,012.10. The disclosure for this sale can be found here. Insiders have sold 33,785 shares of company stock worth $628,786 in the last 90 days. 21.60% of the stock is currently owned by insiders.
Reis, Inc, through its subsidiary, Reis Services, provides commercial real estate market information and analytical tools to real estate professionals in the United States. The company maintains a proprietary database containing information on commercial properties, including apartment, office, retail, warehouse/distribution, flex/research and development, self-storage, and seniors and student housing properties in the metropolitan markets and neighborhoods.
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