DLD Asset Management LP Takes Position in Reis Inc (REIS)

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.

In other news, major shareholder Corp /De/ Moodys acquired 11,570,797 shares of the firm’s stock in a transaction dated Saturday, October 13th. The shares were acquired at an average cost of $23.00 per share, with a total value of $266,128,331.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 21.60% of the stock is owned by corporate insiders.

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.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.com-unik.info/2018/12/04/dld-asset-management-lp-takes-position-in-reis-inc-reis.html.

Reis Profile

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.

Further Reading: Diversification in Investing

Institutional Ownership 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.


Leave a Reply

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