RealPage’s (RP) “Buy” Rating Reiterated at JMP Securities
A number of other equities analysts have also recently issued reports on RP. William Blair upgraded RealPage from a market perform rating to an outperform rating in a report on Wednesday, June 8th. Bank of America Corp. upgraded RealPage from an underperform rating to a neutral rating in a report on Wednesday, June 8th. Benchmark Co. started coverage on RealPage in a report on Tuesday, June 28th. They set a buy rating and a $28.00 target price for the company. Zacks Investment Research cut RealPage from a buy rating to a hold rating in a report on Wednesday, July 6th. Finally, Deutsche Bank AG reiterated a buy rating and set a $28.00 target price (down previously from $30.00) on shares of RealPage in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $27.29.
RealPage (NASDAQ:RP) opened at 26.41 on Tuesday. The company’s 50 day moving average price is $25.34 and its 200 day moving average price is $22.81. RealPage has a 52-week low of $16.06 and a 52-week high of $26.44. The firm has a market cap of $2.12 billion, a PE ratio of 2641.00 and a beta of 1.20.
RealPage (NASDAQ:RP) last released its earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm earned $142.50 million during the quarter, compared to analysts’ expectations of $141.45 million. RealPage had a return on equity of 8.84% and a net margin of 0.15%. The company’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Analysts predict that RealPage will post $0.73 earnings per share for the current fiscal year.
In other RealPage news, CEO Stephen T. Winn sold 4,830 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $26.12, for a total transaction of $126,159.60. Following the completion of the sale, the chief executive officer now directly owns 4,337,223 shares in the company, valued at $113,288,264.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 44,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $24.84, for a total transaction of $1,092,960.00. Following the sale, the insider now owns 19,504,416 shares of the company’s stock, valued at $484,489,693.44. The disclosure for this sale can be found here. Corporate insiders own 33.24% of the company’s stock.
A number of large investors have recently modified their holdings of the company. US Bancorp DE increased its stake in shares of RealPage by 182.7% in the second quarter. US Bancorp DE now owns 4,523 shares of the company’s stock valued at $101,000 after buying an additional 2,923 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of RealPage during the first quarter valued at about $106,000. BlackRock Inc. increased its stake in shares of RealPage by 47.3% in the second quarter. BlackRock Inc. now owns 5,235 shares of the company’s stock valued at $117,000 after buying an additional 1,682 shares during the period. Teacher Retirement System of Texas increased its stake in shares of RealPage by 46.3% in the second quarter. Teacher Retirement System of Texas now owns 7,711 shares of the company’s stock valued at $172,000 after buying an additional 2,441 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in shares of RealPage during the second quarter valued at about $197,000. Hedge funds and other institutional investors own 64.77% of the company’s stock.
RealPage Company Profile
RealPage, Inc is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations.
Receive News & Ratings for RealPage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage Inc. and related companies with MarketBeat.com's FREE daily email newsletter.