RealPage Inc (NASDAQ:RP) – Investment analysts at KeyCorp lifted their Q4 2018 EPS estimates for shares of RealPage in a note issued to investors on Monday. KeyCorp analyst M. Garg now anticipates that the software maker will earn $0.23 per share for the quarter, up from their prior estimate of $0.21. KeyCorp has a “Overweight” rating and a $61.00 price target on the stock.
RP has been the subject of several other reports. Benchmark increased their target price on shares of RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of RealPage from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub lowered shares of RealPage from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Morgan Stanley assumed coverage on RealPage in a research report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price target for the company. Finally, Stephens raised their price target on RealPage from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, December 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. RealPage presently has an average rating of “Buy” and an average target price of $50.63.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in RealPage by 3.9% in the second quarter. Vanguard Group Inc. now owns 4,609,197 shares of the software maker’s stock valued at $165,700,000 after purchasing an additional 172,131 shares during the last quarter. BlackRock Inc. grew its stake in shares of RealPage by 4.8% during the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock worth $127,656,000 after acquiring an additional 163,752 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of RealPage by 6.5% during the third quarter. Janus Henderson Group PLC now owns 3,194,363 shares of the software maker’s stock worth $127,455,000 after acquiring an additional 195,891 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of RealPage by 2.6% during the third quarter. Eagle Asset Management Inc. now owns 2,505,949 shares of the software maker’s stock worth $101,365,000 after acquiring an additional 63,354 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its stake in shares of RealPage by 6.9% during the third quarter. Rothschild Asset Management Inc. now owns 1,246,602 shares of the software maker’s stock worth $49,739,000 after acquiring an additional 80,582 shares during the last quarter. Institutional investors own 73.53% of the company’s stock.
In other RealPage news, Chairman Stephen T. Winn sold 421,000 shares of RealPage stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $45.41, for a total value of $19,117,610.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP William P. Chaney sold 1,000 shares of RealPage stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the executive vice president now owns 172,904 shares in the company, valued at approximately $7,780,680. The disclosure for this sale can be found here. Insiders sold 2,643,467 shares of company stock valued at $118,207,199 over the last 90 days. 30.31% of the stock is currently owned by corporate insiders.
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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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