Shares of RealPage Inc (NASDAQ:RP) have been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $72.22.
RP has been the subject of a number of research analyst reports. BidaskClub cut RealPage from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 4th. BMO Capital Markets initiated coverage on shares of RealPage in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $80.00 target price for the company. Royal Bank of Canada raised their price target on shares of RealPage from $66.00 to $74.00 in a research note on Friday, July 17th. Wells Fargo & Co started coverage on shares of RealPage in a research report on Tuesday, June 23rd. They set an “overweight” rating and a $80.00 price objective for the company. Finally, Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research report on Tuesday, August 4th.
RP opened at $59.13 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.25 and a current ratio of 1.25. RealPage has a 52-week low of $36.91 and a 52-week high of $69.79. The firm has a market cap of $6.29 billion, a P/E ratio of 118.26 and a beta of 0.97. The business’s fifty day moving average is $62.72 and its 200-day moving average is $61.74.
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RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, July 30th. The software maker reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.08. RealPage had a net margin of 4.55% and a return on equity of 9.66%. The business had revenue of $285.61 million during the quarter, compared to analysts’ expectations of $278.59 million. On average, research analysts predict that RealPage will post 1.34 earnings per share for the current fiscal year.
In other RealPage news, Director Alfred R. Berkeley III sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $63.89, for a total transaction of $127,780.00. Following the completion of the sale, the director now owns 23,473 shares of the company’s stock, valued at approximately $1,499,689.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alfred R. Berkeley III sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $61.07, for a total transaction of $305,350.00. Following the transaction, the director now owns 25,473 shares of the company’s stock, valued at approximately $1,555,636.11. The disclosure for this sale can be found here. In the last three months, insiders sold 986,565 shares of company stock worth $63,013,539. 13.91% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of RealPage during the 2nd quarter worth approximately $2,006,000. Handelsbanken Fonder AB bought a new position in RealPage during the second quarter worth $865,000. Charles Schwab Investment Management Inc. grew its holdings in RealPage by 15.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 615,920 shares of the software maker’s stock worth $40,041,000 after purchasing an additional 84,147 shares during the period. Blackstone Group Inc bought a new stake in RealPage in the second quarter valued at $7,288,000. Finally, AQR Capital Management LLC raised its holdings in shares of RealPage by 514.7% during the second quarter. AQR Capital Management LLC now owns 58,024 shares of the software maker’s stock valued at $3,741,000 after purchasing an additional 48,584 shares during the period. Institutional investors and hedge funds own 92.58% 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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