Shares of RealPage Inc (NASDAQ:RP) have received an average recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $66.33.
Several brokerages have weighed in on RP. ValuEngine lowered RealPage from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. BidaskClub lowered RealPage from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. William Blair reaffirmed an “outperform” rating on shares of RealPage in a research report on Tuesday, February 26th. DA Davidson began coverage on RealPage in a research report on Thursday, March 28th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, Morgan Stanley dropped their target price on RealPage from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 27th.
NASDAQ:RP opened at $59.57 on Monday. The firm has a market cap of $5.66 billion, a P/E ratio of 54.15 and a beta of 1.50. RealPage has a 1-year low of $42.90 and a 1-year high of $66.25. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36.
RealPage (NASDAQ:RP) last posted its quarterly earnings results on Monday, May 6th. The software maker reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The firm had revenue of $234.30 million for the quarter, compared to analyst estimates of $234.16 million. During the same period in the previous year, the firm earned $0.37 earnings per share. RealPage’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts predict that RealPage will post 1.25 EPS for the current year.
In related news, EVP William P. Chaney sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.67, for a total transaction of $606,700.00. Following the completion of the sale, the executive vice president now owns 131,631 shares in the company, valued at approximately $7,986,052.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alfred R. Berkeley III sold 5,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $58.04, for a total value of $290,200.00. Following the sale, the director now owns 25,881 shares of the company’s stock, valued at approximately $1,502,133.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,427,931 shares of company stock valued at $86,027,231. 17.05% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in RP. Rehmann Capital Advisory Group raised its holdings in RealPage by 64.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 437 shares of the software maker’s stock valued at $27,000 after acquiring an additional 172 shares in the last quarter. Tyers Asset Management LLC raised its holdings in RealPage by 450.0% in the 1st quarter. Tyers Asset Management LLC now owns 1,056 shares of the software maker’s stock valued at $64,000 after acquiring an additional 864 shares in the last quarter. Manchester Capital Management LLC acquired a new position in RealPage in the 1st quarter valued at approximately $67,000. Ffcm LLC acquired a new position in RealPage in the 4th quarter valued at approximately $136,000. Finally, Pearl River Capital LLC raised its holdings in RealPage by 1,013.6% in the 1st quarter. Pearl River Capital LLC now owns 2,372 shares of the software maker’s stock valued at $144,000 after acquiring an additional 2,159 shares in the last quarter. Hedge funds and other institutional investors own 88.36% 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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