RealPage (NASDAQ:RP) Cut to Hold at Benchmark

RealPage (NASDAQ:RP) was downgraded by stock analysts at Benchmark from a “buy” rating to a “hold” rating in a research report issued on Thursday, The Fly reports.

Other equities analysts have also issued reports about the company. BidaskClub lowered RealPage from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. ValuEngine lowered RealPage from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. KeyCorp began coverage on RealPage in a research report on Tuesday, July 16th. They set an “overweight” rating and a $76.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered RealPage from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $78.00 to $65.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $68.50.

Shares of NASDAQ RP traded up $0.75 during trading on Thursday, reaching $54.11. 1,224,300 shares of the stock traded hands, compared to its average volume of 623,927. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $5.79 billion, a P/E ratio of 49.19 and a beta of 1.25. The company has a 50-day moving average of $61.30 and a 200-day moving average of $61.32. RealPage has a 52-week low of $42.90 and a 52-week high of $65.92.

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

In related news, Chairman Stephen T. Winn sold 200,000 shares of the 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 completion of the sale, the chairman now directly owns 1,210,873 shares in the company, valued at approximately $72,434,422.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen T. Winn sold 61,681 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.60, for a total value of $3,799,549.60. Following the sale, the chief executive officer now owns 1,210,873 shares of the company’s stock, valued at $74,589,776.80. The disclosure for this sale can be found here. Insiders have sold a total of 712,667 shares of company stock valued at $43,937,476 over the last 90 days. 17.05% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its holdings 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 worth $95,000 after buying an additional 1,134 shares during the period. Treasurer of the State of North Carolina lifted its holdings in RealPage by 11.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 31,869 shares of the software maker’s stock worth $1,875,000 after buying an additional 3,370 shares during the period. Insight Wealth Strategies LLC lifted its holdings in RealPage by 3.6% in the 2nd quarter. Insight Wealth Strategies LLC now owns 38,679 shares of the software maker’s stock worth $2,276,000 after buying an additional 1,351 shares during the period. LPL Financial LLC lifted its holdings in RealPage by 64.6% in the 2nd quarter. LPL Financial LLC now owns 6,367 shares of the software maker’s stock worth $376,000 after buying an additional 2,499 shares during the period. Finally, Pembroke Management LTD lifted its holdings in RealPage by 90.5% in the 3rd quarter. Pembroke Management LTD now owns 277,544 shares of the software maker’s stock worth $17,446,000 after buying an additional 131,875 shares during the period. Institutional investors own 90.16% 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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