Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of RealPage from a hold rating to a sell rating in a research report on Tuesday, August 9th. RBC Capital Markets reiterated a sector perform rating and set a $27.00 price target (up previously from $23.00) on shares of RealPage in a research report on Thursday, August 4th. Credit Suisse Group AG restated an underperform rating and issued a $21.00 target price (up previously from $19.00) on shares of RealPage in a research report on Thursday, August 4th. Royal Bank Of Canada raised their target price on shares of RealPage from $23.00 to $27.00 and gave the company a sector perform rating in a research report on Thursday, August 4th. Finally, Deutsche Bank AG restated a buy rating and issued a $28.00 target price (down previously from $30.00) on shares of RealPage in a research report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $27.29.
Shares of RealPage (NASDAQ:RP) opened at 25.89 on Tuesday. The company has a 50 day moving average of $25.37 and a 200-day moving average of $22.84. The company has a market cap of $2.08 billion, a PE ratio of 2589.00 and a beta of 1.20. RealPage has a 52-week low of $16.06 and a 52-week high of $26.44.
RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $142.50 million for the quarter, compared to analyst estimates 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 last year, the business posted $0.12 EPS. Analysts forecast that RealPage will post $0.73 EPS for the current fiscal year.
In related news, Chairman Stephen T. Winn sold 110,000 shares of RealPage stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $24.84, for a total transaction of $2,732,400.00. Following the completion of the transaction, the chairman now owns 4,180,223 shares of the company’s stock, valued at $103,836,739.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen T. Winn sold 90,000 shares of RealPage stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $22.05, for a total transaction of $1,984,500.00. Following the transaction, the chief executive officer now directly owns 4,535,938 shares of the company’s stock, valued at approximately $100,017,432.90. The disclosure for this sale can be found here. Insiders own 33.24% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. US Bancorp DE increased 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. Acrospire Investment Management LLC bought a new stake in RealPage during the first quarter valued at $106,000. BlackRock Inc. increased its stake in RealPage by 47.3% in the second quarter. BlackRock Inc. now owns 5,235 shares of the company’s stock valued at $117,000 after buying an additional 1,682 shares during the period. Teacher Retirement System of Texas increased its stake in RealPage by 46.3% in the second quarter. Teacher Retirement System of Texas now owns 7,711 shares of the company’s stock valued at $172,000 after buying an additional 2,441 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in RealPage during the second quarter valued at $197,000. 64.77% of the stock is owned by institutional investors and hedge funds.
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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