Today, RealPage Inc. (RP) Receives Consensus Rating of “Hold” from Brokerages

Today, RealPage Inc. (RP) Receives Consensus Rating of “Hold” from Brokerages
RealPage Inc. (NASDAQ:RP) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the company. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $28.20.

A number of research firms recently weighed in on RP. Benchmark Co. raised their target price on shares of RealPage from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, November 14th. TheStreet raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Credit Suisse Group AG set a $24.00 target price on shares of RealPage and gave the company a “sell” rating in a report on Sunday, November 6th. Deutsche Bank AG reissued a “buy” rating and issued a $30.00 target price (down from $32.00) on shares of RealPage in a report on Friday, November 4th. Finally, JMP Securities reissued a “buy” rating on shares of RealPage in a report on Tuesday, September 20th.

Shares of RealPage (NASDAQ:RP) traded down 1.20% during trading on Friday, hitting $28.70. 118,544 shares of the stock traded hands. RealPage has a 1-year low of $16.06 and a 1-year high of $29.75. The firm has a 50-day moving average of $26.86 and a 200-day moving average of $24.64. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 168.82 and a beta of 0.96.

RealPage (NASDAQ:RP) last posted its earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. RealPage had a net margin of 2.44% and a return on equity of 9.75%. The firm earned $147.80 million during the quarter, compared to analyst estimates of $147.07 million. During the same period last year, the firm posted $0.15 earnings per share. RealPage’s revenue for the quarter was up 21.6% compared to the same quarter last year. On average, equities analysts forecast that RealPage will post $0.74 earnings per share for the current year.

In related news, Director Alfred R. Berkeley III sold 10,000 shares of RealPage stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $29.35, for a total value of $293,500.00. Following the completion of the sale, the director now directly owns 39,309 shares in the company, valued at $1,153,719.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen T. Winn sold 4,830 shares of RealPage stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $26.12, for a total value of $126,159.60. Following the completion of the sale, the chief executive officer now owns 4,337,223 shares of the company’s stock, valued at $113,288,264.76. The disclosure for this sale can be found here. Insiders own 33.24% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in RP. FMR LLC increased its stake in RealPage by 67.6% in the second quarter. FMR LLC now owns 6,202,860 shares of the company’s stock valued at $138,510,000 after buying an additional 2,502,486 shares during the last quarter. Vanguard Group Inc. increased its position in shares of RealPage by 5.3% in the second quarter. Vanguard Group Inc. now owns 3,795,263 shares of the company’s stock worth $84,748,000 after buying an additional 190,299 shares in the last quarter. Janus Capital Management LLC increased its position in shares of RealPage by 1.5% in the second quarter. Janus Capital Management LLC now owns 3,731,253 shares of the company’s stock worth $83,319,000 after buying an additional 53,822 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of RealPage by 4.1% in the second quarter. Eagle Asset Management Inc. now owns 2,042,724 shares of the company’s stock worth $45,614,000 after buying an additional 81,378 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of RealPage by 5.2% in the third quarter. BlackRock Fund Advisors now owns 1,468,680 shares of the company’s stock worth $37,745,000 after buying an additional 72,952 shares in the last quarter. Hedge funds and other institutional investors own 66.45% of the company’s stock.

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