RealPage Inc. (RP) PT Raised to $33.00 at Benchmark Co.
RealPage Inc. (NASDAQ:RP) had its price objective boosted by stock analysts at Benchmark Co. from $30.00 to $33.00 in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Benchmark Co.’s price target would indicate a potential upside of 17.23% from the stock’s previous close.
A number of other equities research analysts have also recently commented on RP. Deutsche Bank AG restated a “buy” rating and issued a $28.00 price target (down from $30.00) on shares of RealPage in a report on Wednesday, July 20th. Royal Bank Of Canada raised their price target on shares of RealPage from $23.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Credit Suisse Group AG restated an “underperform” rating and issued a $21.00 price target (up from $19.00) on shares of RealPage in a report on Thursday, August 4th. JMP Securities raised their price target on shares of RealPage from $28.00 to $35.00 and gave the stock a “market outperform” rating in a report on Thursday, August 4th. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $27.00 price target (up from $23.00) on shares of RealPage in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.71.
Shares of RealPage (NASDAQ:RP) opened at 28.15 on Monday. The firm’s 50-day moving average is $26.30 and its 200 day moving average is $24.35. The company has a market capitalization of $2.27 billion, a PE ratio of 165.59 and a beta of 0.96. RealPage has a 12 month low of $16.06 and a 12 month high of $29.41.
RealPage (NASDAQ:RP) last announced its earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. RealPage had a net margin of 2.44% and a return on equity of 9.75%. The business earned $147.80 million during the quarter, compared to the consensus estimate of $147.07 million. During the same quarter last year, the firm earned $0.15 earnings per share. RealPage’s quarterly revenue was up 21.6% on a year-over-year basis. Equities research analysts predict that RealPage will post $0.74 EPS for the current year.
In other RealPage news, Chairman Stephen T. Winn sold 149,500 shares of RealPage stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $28.39, for a total value of $4,244,305.00. Following the sale, the chairman now owns 4,049,499 shares of the company’s stock, valued at $114,965,276.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen T. Winn sold 4,830 shares of RealPage stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $26.12, for a total transaction of $126,159.60. Following the completion of the sale, the chief executive officer now directly owns 4,337,223 shares in the company, valued at approximately $113,288,264.76. The disclosure for this sale can be found here. Corporate insiders own 33.24% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in shares of RealPage by 67.6% in the second quarter. FMR LLC now owns 6,202,860 shares of the company’s stock valued at $138,510,000 after buying an additional 2,502,486 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of RealPage by 5.3% in the second quarter. Vanguard Group Inc. now owns 3,795,263 shares of the company’s stock valued at $84,748,000 after buying an additional 190,299 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of RealPage by 1.5% in the second quarter. Janus Capital Management LLC now owns 3,731,253 shares of the company’s stock valued at $83,319,000 after buying an additional 53,822 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of RealPage by 4.1% in the second quarter. Eagle Asset Management Inc. now owns 2,042,724 shares of the company’s stock valued at $45,614,000 after buying an additional 81,378 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of RealPage by 5.2% in the third quarter. BlackRock Fund Advisors now owns 1,468,680 shares of the company’s stock valued at $37,745,000 after buying an additional 72,952 shares in the last quarter. 66.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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