RealPage’s (RP) Buy Rating Reiterated at JMP Securities
RealPage Inc. (NASDAQ:RP)‘s stock had its “buy” rating reissued by investment analysts at JMP Securities in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. RBC Capital Markets restated a “sector perform” rating and set a $27.00 price objective (up from $23.00) on shares of RealPage in a report on Thursday, August 4th. Credit Suisse Group AG restated an “underperform” rating and set a $21.00 price objective (up from $19.00) on shares of RealPage in a report on Thursday, August 4th. Royal Bank Of Canada raised their price objective on shares of RealPage from $23.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Finally, Deutsche Bank AG restated a “buy” rating and set a $28.00 price objective (down from $30.00) on shares of RealPage in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.29.
RealPage (NASDAQ:RP) opened at 25.08 on Tuesday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 2508.00 and a beta of 1.20. The firm’s 50-day moving average is $25.28 and its 200-day moving average is $22.73. RealPage has a 52-week low of $16.06 and a 52-week high of $26.44.
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RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $142.50 million for the quarter, compared to analyst estimates of $141.45 million. RealPage had a net margin of 0.15% and a return on equity of 8.84%. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. Analysts forecast that RealPage will post $0.73 EPS for the current fiscal year.
In related news, CEO Stephen T. Winn sold 4,830 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $26.12, for a total value of $126,159.60. Following the completion of the transaction, the chief executive officer now owns 4,337,223 shares of the company’s stock, valued at $113,288,264.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 27,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $22.05, for a total transaction of $595,350.00. Following the completion of the transaction, the insider now directly owns 19,707,276 shares of the company’s stock, valued at approximately $434,545,435.80. The disclosure for this sale can be found here. 33.24% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RP. US Bancorp DE increased its position in RealPage by 182.7% in the second quarter. US Bancorp DE now owns 4,523 shares of the company’s stock worth $101,000 after buying an additional 2,923 shares during the period. Acrospire Investment Management LLC acquired a new position in RealPage during the first quarter worth $106,000. BlackRock Inc. increased its position in RealPage by 47.3% in the second quarter. BlackRock Inc. now owns 5,235 shares of the company’s stock worth $117,000 after buying an additional 1,682 shares during the period. Teacher Retirement System of Texas increased its position in RealPage by 46.3% in the second quarter. Teacher Retirement System of Texas now owns 7,711 shares of the company’s stock worth $172,000 after buying an additional 2,441 shares during the period. Finally, Pacad Investment Ltd. acquired a new position in RealPage during the second quarter worth $197,000. 65.45% of the stock is owned by institutional investors and hedge funds.
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.
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