RealPage (NASDAQ:RP) Stock Rating Lowered by Benchmark

Benchmark downgraded shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a research report released on Thursday, November 7th, The Fly reports.

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A number of other analysts also recently issued reports on the company. Craig Hallum assumed coverage on RealPage in a research note on Thursday, August 29th. They issued a buy rating and a $83.00 target price for the company. ValuEngine downgraded RealPage from a buy rating to a hold rating in a research note on Thursday, September 5th. BidaskClub downgraded RealPage from a buy rating to a hold rating in a research note on Saturday, September 7th. JPMorgan Chase & Co. cut RealPage from an overweight rating to a neutral rating and lowered their price target for the stock from $78.00 to $65.00 in a report on Thursday, November 7th. Finally, KeyCorp initiated coverage on RealPage in a report on Tuesday, July 16th. They set an overweight rating and a $76.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $68.50.

NASDAQ RP traded up $0.08 on Thursday, reaching $53.55. 794,400 shares of the stock were exchanged, compared to its average volume of 682,620. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.07 billion, a PE ratio of 48.68 and a beta of 1.25. The company’s 50-day simple moving average is $60.09 and its two-hundred day simple moving average is $61.03. RealPage has a one year low of $42.90 and a one year high of $65.92.

RealPage (NASDAQ:RP) last announced its earnings results on Wednesday, November 6th. The software maker reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. RealPage had a return on equity of 9.76% and a net margin of 4.61%. The business had revenue of $255.20 million during the quarter, compared to the consensus estimate of $254.32 million. During the same period in the prior year, the company posted $0.38 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Sell-side analysts forecast that RealPage will post 1.25 earnings per share for the current fiscal year.

In related news, CEO Stephen T. Winn sold 100,000 shares of RealPage stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.70, for a total value of $5,470,000.00. Following the sale, the chief executive officer now directly owns 1,210,873 shares in the company, valued at $66,234,753.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephen T. Winn sold 29,070 shares of RealPage stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $60.84, for a total value of $1,768,618.80. Following the completion of the sale, the chief executive officer now owns 1,210,873 shares in the company, valued at $73,669,513.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 560,995 shares of company stock worth $34,270,299. 17.05% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC raised its holdings in shares of RealPage by 931.6% in the second quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after acquiring an additional 531 shares during the last quarter. FTB Advisors Inc. increased its stake in RealPage by 487.8% in the second quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock valued at $65,000 after purchasing an additional 922 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in RealPage by 242.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock valued at $95,000 after purchasing an additional 1,134 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in RealPage in the second quarter valued at $113,000. Finally, Cullen Frost Bankers Inc. acquired a new position in RealPage in the third quarter valued at $163,000. Institutional investors own 89.61% of the company’s stock.

About RealPage

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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