RealPage (NASDAQ:RP) Cut to Hold at Benchmark

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

A number of other research analysts also recently issued reports on the company. KeyCorp assumed coverage on RealPage in a report on Tuesday, July 16th. They set an overweight rating and a $76.00 price target on the stock. BidaskClub downgraded RealPage from a buy rating to a hold rating in a report on Saturday, September 7th. JPMorgan Chase & Co. downgraded RealPage from an overweight rating to a neutral rating and reduced their price target for the company from $78.00 to $65.00 in a report on Thursday. ValuEngine downgraded RealPage from a buy rating to a hold rating in a report on Thursday, September 5th. Finally, Zacks Investment Research upgraded RealPage from a sell rating to a hold rating in a report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $68.50.

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

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. RealPage had a return on equity of 9.86% and a net margin of 4.48%. The company had revenue of $255.20 million for the quarter, compared to the consensus estimate of $254.32 million. During the same quarter in the previous year, the business earned $0.38 EPS. RealPage’s revenue was up 13.4% compared to the same quarter last year. On average, analysts expect that RealPage will post 1.25 EPS for the current year.

In other RealPage news, CEO Stephen T. Winn sold 61,681 shares of RealPage stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.60, for a total transaction of $3,799,549.60. Following the sale, the chief executive officer now directly owns 1,210,873 shares of the company’s stock, valued at approximately $74,589,776.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Stephen T. Winn sold 200,000 shares of RealPage stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $59.82, for a total value of $11,964,000.00. Following the sale, the chairman now directly owns 1,210,873 shares in the company, valued at $72,434,422.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 712,667 shares of company stock worth $43,937,476. Insiders own 17.05% of the company’s stock.

A number of institutional investors have recently bought and sold shares of RP. Capital Insight Partners LLC boosted its position in shares of RealPage by 1.7% in the 2nd quarter. Capital Insight Partners LLC now owns 18,545 shares of the software maker’s stock worth $1,091,000 after purchasing an additional 316 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of RealPage in the 2nd quarter worth approximately $113,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of RealPage in the 2nd quarter worth approximately $986,000. NN Investment Partners Holdings N.V. bought a new stake in shares of RealPage in the 2nd quarter worth approximately $647,000. Finally, OLD National Bancorp IN bought a new stake in shares of RealPage in the 2nd quarter worth approximately $230,000. 90.16% of the stock is currently 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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