RealPage (RP) Cut to Buy at BidaskClub
BidaskClub cut shares of RealPage (NASDAQ:RP) from a strong-buy rating to a buy rating in a research report released on Wednesday.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered RealPage from a hold rating to a sell rating in a research note on Tuesday, September 12th. KeyCorp initiated coverage on RealPage in a research note on Thursday, September 7th. They issued an overweight rating and a $50.00 target price on the stock. Royal Bank Of Canada restated a hold rating and issued a $42.00 target price on shares of RealPage in a research note on Monday, September 11th. Deutsche Bank restated a buy rating and issued a $45.00 target price (up from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. Finally, Morgan Stanley initiated coverage on RealPage in a research note on Monday, November 20th. They issued an equal weight rating and a $48.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. RealPage currently has an average rating of Buy and an average target price of $46.57.
Shares of RealPage (NASDAQ:RP) opened at $44.35 on Wednesday. The stock has a market capitalization of $3,675.68, a PE ratio of 80.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06. RealPage has a 1-year low of $28.00 and a 1-year high of $46.80.
RealPage (NASDAQ:RP) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. analysts expect that RealPage will post 0.57 earnings per share for the current fiscal year.
In other news, CEO Stephen T. Winn sold 52,045 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $43.50, for a total transaction of $2,263,957.50. Following the transaction, the chief executive officer now directly owns 2,766,870 shares in the company, valued at approximately $120,358,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Stephen T. Winn sold 310,411 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $40.20, for a total value of $12,478,522.20. Following the transaction, the chairman now owns 3,050,264 shares in the company, valued at $122,620,612.80. The disclosure for this sale can be found here. Insiders have sold a total of 2,553,541 shares of company stock worth $109,857,652 over the last quarter. Corporate insiders own 30.31% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in RealPage by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,609,197 shares of the software maker’s stock worth $165,700,000 after buying an additional 172,131 shares during the period. Stockbridge Partners LLC lifted its holdings in RealPage by 26.2% in the 2nd quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock worth $136,835,000 after buying an additional 790,297 shares during the period. BlackRock Inc. lifted its holdings in RealPage by 4.8% in the 2nd quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock worth $127,656,000 after buying an additional 163,752 shares during the period. Janus Henderson Group PLC lifted its holdings in RealPage by 6.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,194,363 shares of the software maker’s stock worth $127,455,000 after buying an additional 195,891 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in RealPage by 2.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,505,949 shares of the software maker’s stock worth $101,365,000 after buying an additional 63,354 shares during the period. Institutional investors and hedge funds own 73.64% of the company’s stock.
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RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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