RealPage Inc. (RP) Receives Consensus Rating of “Hold” from Brokerages
Shares of RealPage Inc. (NASDAQ:RP) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.20.
Several brokerages recently issued reports on RP. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Stephens initiated coverage on RealPage in a report on Wednesday, October 19th. They set an “overweight” rating for the company. JMP Securities reissued a “buy” rating on shares of RealPage in a research report on Tuesday, September 20th. Deutsche Bank AG reissued a “buy” rating and set a $30.00 target price (down from $32.00) on shares of RealPage in a research report on Friday, November 4th. Finally, Benchmark Co. increased their target price on shares of RealPage from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, November 14th.
RealPage (NASDAQ:RP) traded down 1.20% on Friday, hitting $28.70. The company had a trading volume of 118,544 shares. RealPage has a 12-month low of $16.06 and a 12-month high of $29.75. The stock has a market cap of $2.31 billion, a P/E ratio of 168.82 and a beta of 0.96. The firm’s 50 day moving average price is $26.86 and its 200 day moving average price is $24.64.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping 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 business earned $147.80 million during the quarter, compared to analyst estimates of $147.07 million. During the same period last year, the company earned $0.15 earnings per share. RealPage’s quarterly revenue was up 21.6% compared to the same quarter last year. Equities analysts predict that RealPage will post $0.74 earnings per share for the current fiscal year.
In related news, major shareholder Seren Capital, Ltd. sold 9,000 shares of RealPage stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $25.58, for a total transaction of $230,220.00. Following the sale, the insider now directly owns 19,600,416 shares of the company’s stock, valued at $501,378,641.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alfred R. Berkeley III sold 10,000 shares of RealPage stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $29.35, for a total value of $293,500.00. Following the sale, the director now directly owns 39,309 shares in the company, valued at $1,153,719.15. The disclosure for this sale can be found here. 33.24% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted 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 in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of RealPage by 114.1% in the third quarter. BNP Paribas Arbitrage SA now owns 4,482 shares of the company’s stock worth $115,000 after buying an additional 2,389 shares in the last quarter. BlackRock Inc. boosted 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 in the last quarter. SG Americas Securities LLC acquired a new position in shares of RealPage during the third quarter worth approximately $157,000. Finally, Teacher Retirement System of Texas boosted 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 in the last quarter. 66.45% 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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