RealPage Inc. (RP) Chairman Stephen T. Winn Sells 89,908 Shares of Stock
RealPage Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 89,908 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $26.12, for a total value of $2,348,396.96. Following the sale, the chairman now directly owns 4,123,223 shares of the company’s stock, valued at approximately $107,698,584.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
RealPage Inc. (NASDAQ:RP) opened at 25.70 on Wednesday. RealPage Inc. has a 12-month low of $16.06 and a 12-month high of $26.44. The stock has a 50 day moving average price of $25.41 and a 200-day moving average price of $22.95. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 2570.00 and a beta of 1.20.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $142.50 million for the quarter, compared to analysts’ expectations of $141.45 million. RealPage had a return on equity of 8.84% and a net margin of 0.15%. The company’s revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. On average, analysts predict that RealPage Inc. will post $0.73 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. JMP Securities reaffirmed a “buy” rating on shares of RealPage in a research note on Tuesday, September 20th. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. RBC Capital Markets reiterated a “sector perform” rating and issued a $27.00 price target (up previously from $23.00) on shares of RealPage in a report on Thursday, August 4th. Credit Suisse Group AG reiterated an “underperform” rating and issued a $21.00 price target (up previously from $19.00) on shares of RealPage in a report on Thursday, August 4th. Finally, Royal Bank Of Canada increased their price target on RealPage from $23.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.29.
Institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new position in RealPage during the first quarter valued at $215,000. TIAA CREF Investment Management LLC raised its stake in RealPage by 28.6% in the first quarter. TIAA CREF Investment Management LLC now owns 241,111 shares of the company’s stock valued at $5,025,000 after buying an additional 53,575 shares during the period. Teachers Advisors Inc. raised its stake in RealPage by 13.7% in the first quarter. Teachers Advisors Inc. now owns 436,070 shares of the company’s stock valued at $9,088,000 after buying an additional 52,711 shares during the period. Algert Global LLC bought a new stake in RealPage during the first quarter valued at approximately $532,000. Finally, Acrospire Investment Management LLC bought a new stake in RealPage during the first quarter valued at approximately $106,000. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
RealPage, Inc is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations.
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