Benchmark Increases RealPage (RP) Price Target to $59.00
RealPage (NASDAQ:RP) had its price target upped by Benchmark from $51.00 to $59.00 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. Benchmark currently has a buy rating on the software maker’s stock.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised RealPage from a hold rating to a buy rating and set a $54.00 target price for the company in a research note on Tuesday, January 23rd. BidaskClub raised RealPage from a hold rating to a buy rating in a research note on Thursday, January 11th. Morgan Stanley assumed coverage on RealPage in a research note on Monday, November 20th. They issued an equal weight rating and a $48.00 target price for the company. Royal Bank of Canada restated a hold rating and issued a $49.00 price target on shares of RealPage in a research report on Wednesday, January 17th. Finally, Stephens raised their price target on RealPage from $50.00 to $54.00 and gave the stock an overweight rating in a research report on Friday, December 29th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $53.50.
Shares of RealPage (NASDAQ:RP) opened at $52.65 on Wednesday. The company has a market capitalization of $4,374.90, a price-to-earnings ratio of 97.50 and a beta of 1.04. RealPage has a 52 week low of $32.30 and a 52 week high of $54.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06.
A number of hedge funds have recently bought and sold shares of RP. Dimensional Fund Advisors LP lifted its holdings in RealPage by 110.6% during the second quarter. Dimensional Fund Advisors LP now owns 463,043 shares of the software maker’s stock worth $16,647,000 after acquiring an additional 243,149 shares in the last quarter. State Street Corp raised its stake in shares of RealPage by 6.8% in the 2nd quarter. State Street Corp now owns 1,104,411 shares of the software maker’s stock valued at $39,701,000 after purchasing an additional 70,491 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of RealPage by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,016 shares of the software maker’s stock valued at $1,653,000 after purchasing an additional 3,652 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of RealPage by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after purchasing an additional 485 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of RealPage by 302.2% in the 3rd quarter. Nationwide Fund Advisors now owns 233,675 shares of the software maker’s stock valued at $9,324,000 after purchasing an additional 175,571 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.
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RealPage Company Profile
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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