RealPage (RP) Lowered to “Hold” at BidaskClub

BidaskClub cut shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a report issued on Friday.

A number of other equities analysts have also commented on RP. Benchmark raised their price objective on shares of RealPage from $51.00 to $59.00 and gave the stock a buy rating in a research note on Wednesday, February 28th. Deutsche Bank raised their price objective on shares of RealPage to $60.00 in a research note on Wednesday, February 28th. Royal Bank of Canada reaffirmed a hold rating on shares of RealPage in a research note on Thursday, March 1st. TheStreet lowered shares of RealPage from a b rating to a c+ rating in a research note on Wednesday, February 28th. Finally, Zacks Investment Research raised shares of RealPage from a hold rating to a buy rating and set a $58.00 price objective for the company in a research note on Wednesday, March 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $63.00.

RealPage stock opened at $54.95 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 84.10 and a beta of 1.13. RealPage has a 1 year low of $35.00 and a 1 year high of $61.95.



RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, May 3rd. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. RealPage had a net margin of 0.43% and a return on equity of 11.01%. The firm had revenue of $201.61 million during the quarter, compared to analyst estimates of $201.09 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue was up 31.2% on a year-over-year basis. sell-side analysts predict that RealPage will post 1.03 earnings per share for the current year.

In other RealPage news, major shareholder Seren Capital, Ltd. sold 174,432 shares of RealPage stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $51.40, for a total transaction of $8,965,804.80. Following the completion of the sale, the insider now owns 16,833,247 shares of the company’s stock, valued at approximately $865,228,895.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO W Bryan Hill sold 8,000 shares of RealPage stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $50.90, for a total transaction of $407,200.00. Following the sale, the chief financial officer now directly owns 222,216 shares of the company’s stock, valued at approximately $11,310,794.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,138,504 shares of company stock valued at $238,923,455 in the last three months. Company insiders own 24.91% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of RealPage by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,906 shares of the software maker’s stock valued at $459,000 after purchasing an additional 866 shares during the last quarter. Denver Investment Advisors LLC lifted its stake in shares of RealPage by 6.7% in the 1st quarter. Denver Investment Advisors LLC now owns 15,441 shares of the software maker’s stock valued at $795,000 after purchasing an additional 963 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of RealPage by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after purchasing an additional 1,018 shares during the last quarter. Quantitative Systematic Strategies LLC lifted its stake in shares of RealPage by 22.4% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 5,775 shares of the software maker’s stock valued at $297,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Fred Alger Management Inc. lifted its stake in shares of RealPage by 1.1% in the 4th quarter. Fred Alger Management Inc. now owns 122,910 shares of the software maker’s stock valued at $5,445,000 after purchasing an additional 1,391 shares during the last quarter. 79.37% of the stock is owned by institutional investors and hedge funds.

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 for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

Analyst Recommendations for RealPage (NASDAQ:RP)

Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply