DLD Asset Management LP acquired a new stake in shares of Reis Inc (NASDAQ:REIS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the business services provider’s stock, valued at approximately $230,000.
Several other large investors also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in Reis by 97.5% in the 2nd quarter. Bank of America Corp DE now owns 6,420 shares of the business services provider’s stock worth $140,000 after purchasing an additional 3,170 shares in the last quarter. Mint Tower Capital Management B.V. purchased a new position in Reis in the 3rd quarter worth approximately $230,000. Ancora Advisors LLC purchased a new position in Reis in the 3rd quarter worth approximately $258,000. Millennium Management LLC purchased a new position in Reis in the 1st quarter worth approximately $329,000. Finally, Strs Ohio raised its holdings in shares of Reis by 14.0% during the 2nd quarter. Strs Ohio now owns 26,100 shares of the business services provider’s stock worth $568,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors own 58.60% of the company’s stock.
Several analysts have recently issued reports on REIS shares. ValuEngine raised Reis from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. B. Riley reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Reis in a report on Friday, August 31st. Finally, BidaskClub raised Reis from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $23.00.
Shares of REIS opened at $22.99 on Tuesday. Reis Inc has a 1 year low of $16.74 and a 1 year high of $24.00.
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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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