RealPage, Inc. (RP) Stock Rating Reaffirmed by Deutsche Bank AG
RealPage, Inc. (NASDAQ:RP)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They currently have a $42.00 price target on the software maker’s stock, up from their prior price target of $40.00. Deutsche Bank AG’s price objective would suggest a potential upside of 12.30% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. JMP Securities restated an “outperform” rating and issued a $43.00 price target on shares of RealPage in a research report on Friday, May 5th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price target on shares of RealPage in a research report on Friday, March 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.40.
RealPage (NASDAQ:RP) traded up 2.607% on Tuesday, reaching $38.375. 199,298 shares of the company’s stock were exchanged. RealPage has a 1-year low of $23.62 and a 1-year high of $38.65. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 141.605 and a beta of 1.10. The stock’s 50 day moving average price is $35.21 and its 200 day moving average price is $33.76.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, May 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. RealPage had a return on equity of 10.51% and a net margin of 3.69%. The business had revenue of $153.62 million during the quarter, compared to the consensus estimate of $152.21 million. During the same quarter last year, the firm posted $0.17 EPS. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts expect that RealPage will post $0.92 earnings per share for the current year.
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In related news, major shareholder Seren Capital, Ltd. sold 95,760 shares of RealPage stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $35.19, for a total value of $3,369,794.40. Following the transaction, the insider now directly owns 18,965,016 shares of the company’s stock, valued at $667,378,913.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen T. Winn sold 27,930 shares of RealPage stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $37.17, for a total value of $1,038,158.10. Following the completion of the transaction, the chief executive officer now directly owns 3,530,528 shares in the company, valued at $131,229,725.76. The disclosure for this sale can be found here. Insiders have sold 1,352,610 shares of company stock worth $47,682,056 over the last three months. Insiders own 33.24% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. State Street Corp increased its stake in shares of RealPage by 4.0% in the fourth quarter. State Street Corp now owns 971,943 shares of the software maker’s stock worth $29,157,000 after buying an additional 37,156 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of RealPage by 549.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,307 shares of the software maker’s stock worth $2,739,000 after buying an additional 77,246 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of RealPage during the fourth quarter worth $222,000. AQR Capital Management LLC increased its stake in shares of RealPage by 6.1% in the fourth quarter. AQR Capital Management LLC now owns 67,940 shares of the software maker’s stock worth $2,038,000 after buying an additional 3,931 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of RealPage during the fourth quarter worth $12,910,000. 66.54% of the stock is currently owned by institutional investors.
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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