A number of other research analysts have also issued reports on RP. Craig Hallum started coverage on RealPage in a report on Thursday, August 29th. They issued a buy rating and a $83.00 target price for the company. KeyCorp initiated coverage on RealPage in a research report on Tuesday, July 16th. They set an overweight rating and a $76.00 price objective for the company. Zacks Investment Research lowered shares of RealPage from a buy rating to a hold rating in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods initiated coverage on shares of RealPage in a research note on Tuesday, July 9th. They issued an outperform rating and a $74.00 price target for the company. Finally, ValuEngine downgraded shares of RealPage from a buy rating to a hold rating in a research note on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. RealPage presently has a consensus rating of Buy and a consensus price target of $69.00.
Shares of RP opened at $61.64 on Friday. RealPage has a 52-week low of $42.90 and a 52-week high of $66.25. The company has a market capitalization of $6.06 billion, a PE ratio of 56.04 and a beta of 1.33. The stock has a fifty day simple moving average of $62.53 and a two-hundred day simple moving average of $61.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.35.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. RealPage had a net margin of 4.48% and a return on equity of 9.86%. The business had revenue of $244.00 million during the quarter, compared to analysts’ expectations of $243.21 million. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that RealPage will post 1.25 earnings per share for the current fiscal year.
In other RealPage news, CEO Stephen T. Winn sold 100,000 shares of RealPage stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $57.18, for a total value of $5,718,000.00. Following the transaction, the chief executive officer now directly owns 1,217,538 shares in the company, valued at approximately $69,618,822.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Seren Capital, Ltd. sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $57.25, for a total value of $8,587,500.00. Following the completion of the transaction, the insider now directly owns 9,612,387 shares in the company, valued at approximately $550,309,155.75. The disclosure for this sale can be found here. Insiders have sold a total of 701,672 shares of company stock worth $42,026,678 over the last three months. 17.05% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in RP. CWM LLC increased its position in RealPage by 931.6% during the 2nd quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after purchasing an additional 531 shares during the period. Manchester Capital Management LLC purchased a new stake in shares of RealPage in the first quarter valued at approximately $67,000. FTB Advisors Inc. boosted its stake in shares of RealPage by 487.8% in the second quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock valued at $65,000 after buying an additional 922 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in RealPage by 242.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock worth $95,000 after acquiring an additional 1,134 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new position in RealPage during the second quarter worth $113,000. Institutional investors own 90.87% of the company’s stock.
RealPage Company Profile
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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