RealPage Inc. (RP) Receives New Coverage from Analysts at Stephens
Stock analysts at Stephens began coverage on shares of RealPage Inc. (NASDAQ:RP) in a report released on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the stock.
A number of other equities research analysts also recently commented on RP. Royal Bank Of Canada increased their price objective on RealPage from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, August 4th. JMP Securities increased their price objective on RealPage from $28.00 to $35.00 and gave the company a “market outperform” rating in a research report on Thursday, August 4th. Deutsche Bank AG reiterated a “buy” rating and set a $28.00 price objective (down previously from $30.00) on shares of RealPage in a research report on Wednesday, July 20th. Benchmark Co. assumed coverage on RealPage in a research report on Tuesday, June 28th. They set a “buy” rating and a $28.00 price objective for the company. Finally, Zacks Investment Research downgraded RealPage from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.29.
RealPage (NASDAQ:RP) traded up 1.42% during trading on Wednesday, hitting $24.95. The stock had a trading volume of 26,337 shares. The stock has a market cap of $2.00 billion, a PE ratio of 2495.00 and a beta of 1.30. The firm’s 50-day moving average price is $25.17 and its 200-day moving average price is $23.40. RealPage has a 1-year low of $16.06 and a 1-year high of $26.44.
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RealPage (NASDAQ:RP) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm earned $142.50 million during the quarter, compared to analyst estimates of $141.45 million. RealPage had a return on equity of 8.84% and a net margin of 0.15%. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. On average, equities research analysts predict that RealPage will post $0.73 earnings per share for the current fiscal year.
In other RealPage news, Chairman Stephen T. Winn sold 160,000 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $25.50, for a total transaction of $4,080,000.00. Following the transaction, the chairman now directly owns 4,304,223 shares of the company’s stock, valued at $109,757,686.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Seren Capital, Ltd. sold 24,000 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $25.63, for a total transaction of $615,120.00. Following the transaction, the insider now directly owns 19,444,453 shares in the company, valued at $498,361,330.39. The disclosure for this sale can be found here. 33.24% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of RP. 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 in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of RealPage by 114.1% in the third quarter. BNP Paribas Arbitrage SA now owns 4,482 shares of the company’s stock valued at $115,000 after buying an additional 2,389 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Simplex Trading LLC increased its stake in shares of RealPage by 8,167.1% in the third quarter. Simplex Trading LLC now owns 7,027 shares of the company’s stock valued at $180,000 after buying an additional 6,942 shares in the last quarter. 64.78% of the stock is currently owned by hedge funds and other institutional investors.
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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