RealPage, Inc. (RP) Rating Increased to Hold at Zacks Investment Research
RealPage, Inc. (NASDAQ:RP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “
Other analysts also recently issued research reports about the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $42.00 target price (up previously from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. Royal Bank Of Canada lifted their target price on RealPage from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. JMP Securities reaffirmed an “outperform” rating and set a $43.00 target price on shares of RealPage in a research note on Monday, May 15th. Finally, Stephens reaffirmed an “overweight” rating and set a $47.00 target price (up previously from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $39.83.
Shares of RealPage (NASDAQ RP) opened at 41.70 on Monday. RealPage has a 12 month low of $23.69 and a 12 month high of $43.65. The company’s 50 day moving average price is $38.93 and its 200-day moving average price is $36.03. The firm has a market capitalization of $3.30 billion, a P/E ratio of 130.31 and a beta of 1.11.
RealPage (NASDAQ:RP) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. During the same quarter last year, the business posted $0.18 EPS. RealPage’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts predict that RealPage will post $0.93 earnings per share for the current fiscal year.
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In other news, Director Alfred R. Berkeley III sold 3,500 shares of RealPage stock in a transaction on Monday, August 14th. The stock was sold at an average price of $40.30, for a total transaction of $141,050.00. Following the transaction, the director now owns 45,038 shares in the company, valued at $1,815,031.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Stephen T. Winn sold 159,600 shares of RealPage stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $34.41, for a total value of $5,491,836.00. Following the transaction, the chairman now owns 3,789,472 shares in the company, valued at approximately $130,395,731.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,473,612 shares of company stock worth $53,481,100. 33.24% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of RP. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of RealPage during the first quarter worth $163,000. Bessemer Group Inc. increased its position in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares in the last quarter. Gotham Asset Management LLC acquired a new position in shares of RealPage during the first quarter worth $200,000. Finally, Bfsg LLC acquired a new position in shares of RealPage during the second quarter worth $209,000. Institutional investors and hedge funds own 67.91% of the company’s stock.
RealPage Company Profile
RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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