Stephen T. Winn Sells 60,000 Shares of RealPage Inc. (RP) Stock
RealPage Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 60,000 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $28.33, for a total transaction of $1,699,800.00. Following the completion of the sale, the chairman now directly owns 4,019,649 shares of the company’s stock, valued at approximately $113,876,656.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of RealPage Inc. (NASDAQ:RP) opened at 28.95 on Monday. The firm has a market cap of $2.33 billion, a P/E ratio of 170.29 and a beta of 0.96. RealPage Inc. has a 52-week low of $16.06 and a 52-week high of $29.41. The stock’s 50 day moving average is $26.48 and its 200-day moving average is $24.42.
RealPage (NASDAQ:RP) last released its earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. RealPage had a return on equity of 9.75% and a net margin of 2.44%. The company had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $147.07 million. During the same quarter in the previous year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. Equities analysts anticipate that RealPage Inc. will post $0.74 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in RP. FMR LLC boosted its position in 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 during the period. Peregrine Capital Management LLC acquired a new position in RealPage during the third quarter valued at $29,739,000. Victory Capital Management Inc. acquired a new position in RealPage during the third quarter valued at $18,089,000. State of New Jersey Common Pension Fund D acquired a new position in RealPage during the third quarter valued at $8,995,000. Finally, William Blair Investment Management LLC acquired a new position in RealPage during the second quarter valued at $6,422,000. 66.58% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Stephens assumed coverage on shares of RealPage in a research report on Wednesday, October 19th. They issued an “overweight” rating for the company. JMP Securities reaffirmed a “buy” rating on shares of RealPage in a research report on Tuesday, September 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $30.00 price objective (down previously from $32.00) on shares of RealPage in a research report on Friday, November 4th. Finally, Benchmark Co. increased their price objective on shares of RealPage from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.71.
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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