RealPage (RP) Hits New 12-Month High at $64.45

RealPage Inc (NASDAQ:RP)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $64.45 and last traded at $64.50, with a volume of 18050 shares. The stock had previously closed at $62.80.

Several equities analysts have commented on the stock. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. KeyCorp reissued an “overweight” rating and set a $72.00 target price (down previously from $84.00) on shares of RealPage in a research report on Friday. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. JPMorgan Chase & Co. initiated coverage on shares of RealPage in a research note on Thursday, June 21st. They set an “overweight” rating and a $76.00 price target for the company. Finally, Royal Bank of Canada raised their price target on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research note on Friday, August 3rd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $64.50.

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $5.84 billion, a PE ratio of 176.81 and a beta of 1.15.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, August 2nd. The software maker reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The company had revenue of $216.36 million during the quarter, compared to analyst estimates of $215.14 million. During the same quarter last year, the business posted $0.23 EPS. RealPage’s quarterly revenue was up 33.3% compared to the same quarter last year. analysts forecast that RealPage Inc will post 1.03 earnings per share for the current year.

In related news, Director Alfred R. Berkeley III sold 1,000 shares of RealPage stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $60.60, for a total value of $60,600.00. Following the completion of the transaction, the director now directly owns 34,881 shares in the company, valued at approximately $2,113,788.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alfred R. Berkeley III sold 4,000 shares of RealPage stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $59.23, for a total transaction of $236,920.00. Following the completion of the transaction, the director now owns 35,881 shares of the company’s stock, valued at $2,125,231.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,339,250 shares of company stock valued at $198,121,298. 24.91% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Next Century Growth Investors LLC purchased a new position in RealPage in the 1st quarter valued at approximately $143,000. Mount Yale Investment Advisors LLC purchased a new position in RealPage in the 1st quarter valued at approximately $164,000. First Manhattan Co. grew its stake in RealPage by 78.9% in the 2nd quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock valued at $187,000 after buying an additional 1,500 shares in the last quarter. Engineers Gate Manager LP purchased a new position in RealPage in the 2nd quarter valued at approximately $204,000. Finally, GSA Capital Partners LLP purchased a new position in RealPage in the 1st quarter valued at approximately $208,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

RealPage Company Profile (NASDAQ:RP)

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.

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