RealPage, Inc. (RP) Stock Rating Upgraded by Zacks Investment Research
RealPage, Inc. (NASDAQ:RP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “
RP has been the topic of several other reports. Deutsche Bank AG restated a “buy” rating and set a $42.00 target price (up from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 price target on shares of RealPage in a research report on Monday, September 11th. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. KeyCorp assumed coverage on RealPage in a report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 price objective on the stock. Finally, Stephens restated an “overweight” rating and issued a $47.00 price objective (up from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $41.29.
RealPage (RP) traded up 0.85% during midday trading on Wednesday, reaching $41.40. 101,840 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 129.38 and a beta of 1.09. The firm’s 50 day moving average is $40.93 and its 200 day moving average is $37.63. RealPage has a 52 week low of $23.69 and a 52 week high of $43.65.
RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. RealPage’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. On average, equities analysts anticipate that RealPage will post $0.92 earnings per share for the current year.
In related news, Chairman Stephen T. Winn sold 255,254 shares of RealPage stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $39.93, for a total value of $10,192,292.22. Following the completion of the transaction, the chairman now owns 2,983,997 shares in the company, valued at $119,151,000.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen T. Winn sold 27,930 shares of RealPage stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.43, for a total transaction of $1,101,279.90. Following the completion of the transaction, the chief executive officer now owns 3,352,600 shares of the company’s stock, valued at approximately $132,193,018. The disclosure for this sale can be found here. Insiders sold a total of 1,982,789 shares of company stock valued at $80,002,714 in the last quarter. 33.24% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of RP. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after acquiring an additional 272 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in RealPage during the 1st quarter worth approximately $163,000. Bessemer Group Inc. grew its holdings in RealPage by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after acquiring an additional 100 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of RealPage in the 1st quarter valued at approximately $200,000. Finally, Bfsg LLC purchased a new stake in shares of RealPage in the 2nd quarter valued at approximately $209,000. Institutional investors and hedge funds own 70.49% of the company’s stock.
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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