RealPage Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 60,000 shares of RealPage stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $25.63, for a total transaction of $1,537,800.00. Following the completion of the transaction, the chairman now directly owns 4,111,250 shares of the company’s stock, valued at approximately $105,371,337.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of RealPage Inc. (NASDAQ:RP) opened at 25.70 on Monday. The firm has a 50-day moving average of $25.46 and a 200 day moving average of $23.02. RealPage Inc. has a 52 week low of $16.06 and a 52 week high of $26.44. The firm has a market cap of $2.06 billion, a PE ratio of 2570.00 and a beta of 1.30.
RealPage (NASDAQ:RP) last announced its earnings results on Wednesday, August 3rd. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company earned $142.50 million during the quarter, compared to the consensus estimate of $141.45 million. RealPage had a net margin of 0.15% and a return on equity of 8.84%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. Equities research analysts predict that RealPage Inc. will post $0.73 EPS for the current fiscal year.
Several analysts recently commented on the stock. RBC Capital Markets reaffirmed a “sector perform” rating and set a $27.00 target price (up previously from $23.00) on shares of RealPage in a report on Thursday, August 4th. JMP Securities reaffirmed a “buy” rating on shares of RealPage in a report on Tuesday, September 20th. Deutsche Bank AG reaffirmed a “buy” rating and set a $28.00 target price (down previously from $30.00) on shares of RealPage in a report on Wednesday, July 20th. Royal Bank Of Canada lifted their target price on shares of RealPage from $23.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Finally, William Blair raised shares of RealPage from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. RealPage presently has a consensus rating of “Hold” and a consensus target price of $27.29.
Several hedge funds have recently made changes to their positions in RP. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of RealPage during the first quarter valued at approximately $215,000. TIAA CREF Investment Management LLC increased its stake in shares of RealPage by 28.6% in the first quarter. TIAA CREF Investment Management LLC now owns 241,111 shares of the company’s stock valued at $5,025,000 after buying an additional 53,575 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of RealPage by 13.7% in the first quarter. Teachers Advisors Inc. now owns 436,070 shares of the company’s stock valued at $9,088,000 after buying an additional 52,711 shares in the last quarter. Algert Global LLC purchased a new stake in shares of RealPage during the first quarter valued at approximately $532,000. Finally, Acrospire Investment Management LLC purchased a new stake in shares of RealPage during the first quarter valued at approximately $106,000. Institutional investors own 64.77% of the company’s stock.
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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