Reis Inc (REIS) CEO Lloyd Lynford Sells 4,250 Shares

Reis Inc (NASDAQ:REIS) CEO Lloyd Lynford sold 4,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $18.86, for a total value of $80,155.00. Following the transaction, the chief executive officer now directly owns 1,303,235 shares of the company’s stock, valued at approximately $24,579,012.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Reis Inc (REIS) traded down $0.20 during trading on Thursday, hitting $18.60. The stock had a trading volume of 34,542 shares, compared to its average volume of 11,383. Reis Inc has a one year low of $15.95 and a one year high of $23.00. The company has a market cap of $215.03, a PE ratio of 188.00 and a beta of 1.11.

Reis (NASDAQ:REIS) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Reis had a return on equity of 1.20% and a net margin of 2.45%. The company had revenue of $12.09 million for the quarter, compared to analysts’ expectations of $11.77 million. sell-side analysts expect that Reis Inc will post 0.15 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of Reis by 57.7% during the 3rd quarter. Wells Fargo & Company MN now owns 9,862 shares of the business services provider’s stock worth $177,000 after purchasing an additional 3,607 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Reis by 17.8% during the 2nd quarter. Teachers Advisors LLC now owns 15,209 shares of the business services provider’s stock worth $323,000 after purchasing an additional 2,300 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Reis by 44.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 19,249 shares of the business services provider’s stock worth $398,000 after purchasing an additional 5,949 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Reis by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 33,101 shares of the business services provider’s stock worth $596,000 after purchasing an additional 3,146 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Reis by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,042 shares of the business services provider’s stock worth $2,147,000 after purchasing an additional 1,417 shares in the last quarter. Institutional investors own 59.02% of the company’s stock.

A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Reis from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. B. Riley set a $26.00 price target on Reis and gave the stock a “buy” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.33.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/02/08/reis-inc-reis-ceo-lloyd-lynford-sells-4250-shares.html.

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)

Receive News & Ratings for Reis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reis and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit