RealPage (NASDAQ:RP) was downgraded by equities researchers at Benchmark from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. BidaskClub cut RealPage from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. KeyCorp initiated coverage on RealPage in a research report on Tuesday, July 16th. They set an “overweight” rating and a $76.00 price objective on the stock. ValuEngine cut RealPage from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, Craig Hallum initiated coverage on RealPage in a research report on Thursday, August 29th. They set a “buy” rating and a $83.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. RealPage currently has a consensus rating of “Hold” and an average target price of $68.50.

NASDAQ RP traded up $0.75 during trading hours on Thursday, reaching $54.11. 1,224,300 shares of the company’s stock were exchanged, compared to its average volume of 623,927. The company’s 50-day moving average is $61.30 and its two-hundred day moving average is $61.32. RealPage has a one year low of $42.90 and a one year high of $65.92. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 49.19 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.81.

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $255.20 million during the quarter, compared to the consensus estimate of $254.32 million. RealPage had a return on equity of 9.86% and a net margin of 4.48%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Research analysts predict that RealPage will post 1.25 earnings per share for the current fiscal year.

In other news, Chairman Stephen T. Winn sold 200,000 shares of RealPage stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $59.82, for a total transaction of $11,964,000.00. Following the sale, the chairman now directly owns 1,210,873 shares of the company’s stock, valued at $72,434,422.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen T. Winn sold 61,681 shares of RealPage stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.60, for a total value of $3,799,549.60. Following the sale, the chief executive officer now directly owns 1,210,873 shares in the company, valued at $74,589,776.80. The disclosure for this sale can be found here. Insiders sold 712,667 shares of company stock worth $43,937,476 over the last ninety days. 17.05% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Eminence Capital LP acquired a new position in shares of RealPage in the second quarter worth approximately $151,000,000. Wells Fargo & Company MN lifted its stake in shares of RealPage by 81.6% in the second quarter. Wells Fargo & Company MN now owns 2,504,952 shares of the software maker’s stock worth $147,417,000 after acquiring an additional 1,125,227 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of RealPage by 165.3% in the second quarter. Bank of New York Mellon Corp now owns 1,149,977 shares of the software maker’s stock worth $67,677,000 after acquiring an additional 716,440 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of RealPage in the second quarter worth approximately $25,899,000. Finally, Carillon Tower Advisers Inc. lifted its stake in shares of RealPage by 15.5% in the third quarter. Carillon Tower Advisers Inc. now owns 1,742,051 shares of the software maker’s stock worth $109,505,000 after acquiring an additional 234,050 shares during the period. 90.16% of the stock is currently owned by hedge funds and other institutional investors.

About RealPage

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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Analyst Recommendations for RealPage (NASDAQ:RP)

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