RealPage Inc. (RP) Chairman Stephen T. Winn Sells 60,000 Shares
RealPage Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $25.63, for a total value of $1,537,800.00. Following the completion of the transaction, the chairman now owns 4,111,250 shares of the company’s stock, valued at $105,371,337.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of RealPage Inc. (NASDAQ:RP) opened at 25.70 on Monday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 2570.00 and a beta of 1.30. RealPage Inc. has a 12-month low of $16.06 and a 12-month high of $26.44. The company’s 50-day moving average price is $25.46 and its 200 day moving average price is $23.02.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. RealPage had a net margin of 0.15% and a return on equity of 8.84%. The company earned $142.50 million during the quarter, compared to the consensus estimate of $141.45 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 24.1% on a year-over-year basis. On average, equities analysts predict that RealPage Inc. will post $0.73 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in RP. US Bancorp DE increased its position in shares of RealPage by 182.7% in the second quarter. US Bancorp DE now owns 4,523 shares of the company’s stock worth $101,000 after buying an additional 2,923 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of RealPage during the first quarter worth approximately $106,000. BlackRock Inc. increased its position in shares of RealPage by 47.3% in the second quarter. BlackRock Inc. now owns 5,235 shares of the company’s stock worth $117,000 after buying an additional 1,682 shares during the period. Teacher Retirement System of Texas increased its position in shares of RealPage by 46.3% in the second quarter. Teacher Retirement System of Texas now owns 7,711 shares of the company’s stock worth $172,000 after buying an additional 2,441 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in shares of RealPage during the second quarter worth approximately $197,000. 64.77% of the stock is owned by institutional investors.
RP has been the subject of several recent analyst reports. JMP Securities restated a “buy” rating on shares of RealPage in a research note on Tuesday, September 20th. Benchmark Co. initiated coverage on RealPage in a research note on Tuesday, June 28th. They issued a “buy” rating and a $28.00 price target for the company. Deutsche Bank AG restated a “buy” rating and issued a $28.00 price target (down from $30.00) on shares of RealPage in a research note on Wednesday, July 20th. Zacks Investment Research downgraded RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Bank of America Corp. upgraded RealPage from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.29.
RealPage Company Profile
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.
Receive News & Stock Ratings for RealPage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage Inc. and related stocks with our FREE daily email newsletter.