RealPage (NASDAQ:RP)‘s stock had its “hold” rating reaffirmed by analysts at Royal Bank of Canada in a note issued to investors on Wednesday. They currently have a $49.00 price objective on the software maker’s stock. Royal Bank of Canada’s price target indicates a potential upside of 2.30% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Thursday, January 4th. Benchmark boosted their target price on shares of RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Morgan Stanley initiated coverage on shares of RealPage in a research note on Monday, November 20th. They set an “equal weight” rating and a $48.00 target price on the stock. Finally, Stephens boosted their price target on shares of RealPage from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.00.

RealPage (RP) traded down $0.55 during midday trading on Wednesday, hitting $47.90. The company’s stock had a trading volume of 511,600 shares, compared to its average volume of 522,750. The company has a market capitalization of $4,000.00, a PE ratio of 136.86 and a beta of 1.09. RealPage has a 52 week low of $28.00 and a 52 week high of $49.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06.

RealPage (NASDAQ:RP) last announced its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The company had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. During the same period in the previous year, the business earned $0.20 EPS. The company’s revenue was up 14.9% on a year-over-year basis. sell-side analysts predict that RealPage will post 0.57 earnings per share for the current year.

In related news, CFO W Bryan Hill sold 8,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $46.90, for a total value of $375,200.00. Following the completion of the sale, the chief financial officer now directly owns 174,475 shares in the company, valued at $8,182,877.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Seren Capital, Ltd. sold 188,601 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $43.57, for a total transaction of $8,217,345.57. Following the completion of the sale, the insider now owns 17,815,796 shares of the company’s stock, valued at $776,234,231.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,643,467 shares of company stock worth $118,207,199. 30.31% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in RealPage by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 257,381 shares of the software maker’s stock worth $9,252,000 after acquiring an additional 4,565 shares during the last quarter. Legal & General Group Plc lifted its position in RealPage by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 21,858 shares of the software maker’s stock worth $786,000 after acquiring an additional 841 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in RealPage by 629.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,170 shares of the software maker’s stock worth $294,000 after acquiring an additional 7,050 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in RealPage by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after acquiring an additional 272 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in RealPage by 146.4% during the 2nd quarter. Principal Financial Group Inc. now owns 33,050 shares of the software maker’s stock worth $1,189,000 after acquiring an additional 19,637 shares during the last quarter. Hedge funds and other institutional investors own 73.58% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/17/realpage-rp-earns-hold-rating-from-royal-bank-of-canada.html.

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.

Analyst Recommendations for RealPage (NASDAQ:RP)

Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.