RealPage, Inc. (RP) Receives Average Recommendation of “Buy” from Analysts
Shares of RealPage, Inc. (NASDAQ:RP) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $39.83.
A number of analysts have recently commented on RP shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $42.00 price target (up from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. Royal Bank Of Canada upped their price target on RealPage from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. JMP Securities reaffirmed an “outperform” rating and issued a $43.00 price target on shares of RealPage in a research note on Monday, May 15th. Finally, Stephens reaffirmed an “overweight” rating and issued a $47.00 price target (up from $42.00) on shares of RealPage in a research note on Thursday, August 3rd.
RealPage (NASDAQ RP) opened at 39.80 on Tuesday. RealPage has a 52-week low of $23.69 and a 52-week high of $40.40. The stock has a 50 day moving average of $37.45 and a 200 day moving average of $35.15. The stock has a market capitalization of $3.30 billion, a P/E ratio of 124.38 and a beta of 1.11.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. RealPage had a return on equity of 10.93% and a net margin of 4.25%. RealPage’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. On average, equities research analysts forecast that RealPage will post $0.93 EPS for the current year.
In other RealPage news, major shareholder Seren Capital, Ltd. sold 47,880 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $37.17, for a total transaction of $1,779,699.60. Following the completion of the transaction, the insider now owns 18,590,136 shares of the company’s stock, valued at approximately $690,995,355.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Stephen T. Winn sold 159,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $36.95, for a total value of $5,897,220.00. Following the transaction, the chairman now directly owns 3,530,528 shares of the company’s stock, valued at approximately $130,453,009.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,352,610 shares of company stock valued at $47,682,056. 33.24% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in RP. Dimensional Fund Advisors LP increased its position in 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 period. Guggenheim Capital LLC purchased a new position in RealPage during the fourth quarter worth $222,000. Norges Bank purchased a new position in RealPage during the fourth quarter worth $12,910,000. Teachers Advisors LLC increased its position in RealPage by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 459,318 shares of the software maker’s stock worth $13,780,000 after buying an additional 2,508 shares during the period. Finally, Capital Impact Advisors LLC purchased a new position in RealPage during the first quarter worth $1,779,000. 67.44% of the stock is owned by hedge funds and other institutional investors.
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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