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.

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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)

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