Royal Bank of Canada Reaffirms Hold Rating for RealPage (RP)

RealPage (NASDAQ:RP)‘s stock had its “hold” rating reiterated by Royal Bank of Canada in a note issued to investors on Friday. They presently have a $62.00 price objective on the software maker’s stock. Royal Bank of Canada’s price target suggests a potential upside of 12.12% from the company’s previous close.

Several other analysts have also recently weighed in on RP. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Finally, KeyCorp raised their price objective on RealPage from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.50.

NASDAQ:RP traded up $0.41 during mid-day trading on Friday, hitting $55.30. 1,547,867 shares of the stock were exchanged, compared to its average volume of 831,207. The stock has a market cap of $5.19 billion, a P/E ratio of 60.11 and a beta of 1.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. RealPage has a fifty-two week low of $41.10 and a fifty-two week high of $66.25.

RealPage (NASDAQ:RP) last released its quarterly earnings results on Thursday, November 1st. The software maker reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business had revenue of $224.95 million during the quarter, compared to analysts’ expectations of $221.33 million. RealPage had a return on equity of 12.04% and a net margin of 0.91%. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS. As a group, sell-side analysts forecast that RealPage will post 1.03 EPS for the current year.

In other news, major shareholder Seren Capital, Ltd. sold 296,980 shares of RealPage stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $61.05, for a total value of $18,130,629.00. Following the transaction, the insider now owns 15,309,495 shares in the company, valued at approximately $934,644,669.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen T. Winn sold 150,000 shares of RealPage stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $64.62, for a total value of $9,693,000.00. Following the completion of the transaction, the chief executive officer now owns 1,086,819 shares in the company, valued at approximately $70,230,243.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,485,412 shares of company stock worth $153,814,920. Corporate insiders own 24.91% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of RealPage in the 3rd quarter valued at $131,000. Price Capital Management Inc. bought a new stake in RealPage during the 3rd quarter worth $132,000. First Manhattan Co. grew its position in RealPage by 78.9% during the 2nd quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock worth $187,000 after acquiring an additional 1,500 shares during the last quarter. Engineers Gate Manager LP bought a new stake in RealPage during the 2nd quarter worth $204,000. Finally, Raymond James Trust N.A. bought a new stake in RealPage during the 3rd quarter worth $219,000. Institutional investors own 81.11% 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 for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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Analyst Recommendations for RealPage (NASDAQ:RP)

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