RealPage (NASDAQ:RP) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “

A number of other equities analysts have also weighed in on RP. BidaskClub raised Zebra Technologies from a hold rating to a buy rating in a research note on Saturday, July 6th. Keefe, Bruyette & Woods started coverage on RealPage in a research note on Tuesday, July 9th. They issued an outperform rating and a $74.00 price objective for the company. ValuEngine raised ZIX from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Finally, DA Davidson started coverage on BRT Apartments in a research note on Thursday, March 28th. They issued a buy rating and a $16.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. RealPage has a consensus rating of Buy and a consensus target price of $66.00.

Shares of RP opened at $64.57 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50-day moving average of $59.26. The stock has a market capitalization of $6.11 billion, a PE ratio of 59.79 and a beta of 1.40. RealPage has a 52 week low of $42.90 and a 52 week high of $66.25.

RealPage (NASDAQ:RP) last released its quarterly earnings data on Monday, May 6th. The software maker reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $234.30 million during the quarter, compared to analyst estimates of $234.16 million. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Equities research analysts forecast that RealPage will post 1.26 EPS for the current year.

In related news, major shareholder Seren Capital, Ltd. sold 200,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $59.90, for a total transaction of $11,980,000.00. Following the completion of the transaction, the insider now directly owns 10,165,109 shares of the company’s stock, valued at $608,890,029.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Alfred R. Berkeley III sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $59.87, for a total value of $179,610.00. Following the transaction, the director now directly owns 26,526 shares of the company’s stock, valued at $1,588,111.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 981,793 shares of company stock valued at $57,315,347. 17.05% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in shares of RealPage by 6.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,229 shares of the software maker’s stock valued at $257,000 after purchasing an additional 261 shares during the last quarter. Capital Insight Partners LLC raised its holdings in shares of RealPage by 1.7% in the second quarter. Capital Insight Partners LLC now owns 18,545 shares of the software maker’s stock worth $1,091,000 after buying an additional 316 shares during the period. California State Teachers Retirement System raised its holdings in shares of RealPage by 0.3% in the first quarter. California State Teachers Retirement System now owns 113,160 shares of the software maker’s stock worth $6,868,000 after buying an additional 381 shares during the period. Simmons Bank raised its holdings in shares of RealPage by 7.4% in the first quarter. Simmons Bank now owns 7,300 shares of the software maker’s stock worth $443,000 after buying an additional 500 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of RealPage by 9.7% in the fourth quarter. MML Investors Services LLC now owns 7,928 shares of the software maker’s stock worth $382,000 after buying an additional 702 shares during the period. 88.24% of the stock is owned by institutional investors and hedge funds.

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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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