RealPage (NASDAQ:RP) Lowered to “Hold” at Benchmark

Benchmark cut shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a report issued on Thursday, The Fly reports.

RP has been the topic of several other research reports. KeyCorp began coverage on RealPage in a report on Tuesday, July 16th. They set an overweight rating and a $76.00 target price on the stock. Zacks Investment Research upgraded RealPage from a sell rating to a hold rating in a report on Saturday, November 2nd. ValuEngine cut RealPage from a buy rating to a hold rating in a report on Thursday, September 5th. BidaskClub cut RealPage from a buy rating to a hold rating in a report on Saturday, September 7th. Finally, Craig Hallum began coverage on RealPage in a report on Thursday, August 29th. They set a buy rating and a $83.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $68.50.

Shares of NASDAQ RP traded up $0.75 during trading hours on Thursday, hitting $54.11. The stock had a trading volume of 1,224,300 shares, compared to its average volume of 623,927. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50-day moving average price is $61.30 and its two-hundred day moving average price is $61.32. RealPage has a 52 week low of $42.90 and a 52 week high of $65.92. The company has a market capitalization of $5.79 billion, a P/E ratio of 49.19 and a beta of 1.25.

RealPage (NASDAQ:RP) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. RealPage had a return on equity of 9.86% and a net margin of 4.48%. The firm had revenue of $255.20 million during the quarter, compared to analyst estimates of $254.32 million. During the same period in the prior year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts expect that RealPage will post 1.25 EPS for the current fiscal year.

In other news, Chairman Stephen T. Winn sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $59.82, for a total transaction of $11,964,000.00. Following the sale, the chairman now owns 1,210,873 shares of the company’s stock, valued at $72,434,422.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen T. Winn sold 29,070 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $60.84, for a total value of $1,768,618.80. Following the sale, the chief executive officer now directly owns 1,210,873 shares in the company, valued at approximately $73,669,513.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 712,667 shares of company stock worth $43,937,476. Company insiders own 17.05% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its position in RealPage by 931.6% in the 2nd quarter. CWM LLC now owns 588 shares of the software maker’s stock valued at $35,000 after buying an additional 531 shares during the last quarter. FTB Advisors Inc. raised its position in RealPage by 487.8% in the 2nd quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock valued at $65,000 after buying an additional 922 shares during the last quarter. Tower Research Capital LLC TRC raised its position in RealPage by 242.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock valued at $95,000 after buying an additional 1,134 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in RealPage in the 2nd quarter valued at approximately $113,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in RealPage in the 3rd quarter valued at approximately $163,000. 90.16% of the stock is currently owned by institutional investors.

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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