Royal Bank of Canada Reiterates “Hold” Rating for RealPage (RP)

Royal Bank of Canada reaffirmed their hold rating on shares of RealPage (NASDAQ:RP) in a research report report published on Wednesday. Royal Bank of Canada currently has a $49.00 price target on the software maker’s stock.

A number of other equities analysts have also weighed in on RP. BidaskClub upgraded RealPage from a hold rating to a buy rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded RealPage from a sell rating to a hold rating in a research note on Tuesday, September 19th. Stephens lifted their price objective on RealPage from $50.00 to $54.00 and gave the company an overweight rating in a research note on Friday, December 29th. Finally, Morgan Stanley initiated coverage on RealPage in a research note on Monday, November 20th. They set an equal weight rating and a $48.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $49.00.

RealPage (RP) opened at $48.50 on Wednesday. The stock has a market capitalization of $4,027.94, a price-to-earnings ratio of 138.58 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06. RealPage has a 52 week low of $28.30 and a 52 week high of $49.10.

RealPage (NASDAQ:RP) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.22. The company had revenue of $169.76 million during the quarter, compared to analyst estimates of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. analysts forecast that RealPage will post 0.57 earnings per share for the current fiscal year.

In other news, major shareholder Seren Capital, Ltd. sold 34,052 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $45.19, for a total transaction of $1,538,809.88. Following the sale, the insider now directly owns 17,249,554 shares in the company, valued at approximately $779,507,345.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO W Bryan Hill sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $46.90, for a total value of $375,200.00. Following the sale, the chief financial officer now owns 174,475 shares in the company, valued at $8,182,877.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,467 shares of company stock worth $118,207,199 over the last 90 days. Insiders own 30.31% of the company’s stock.

A number of hedge funds have recently bought and sold shares of RP. Janus Henderson Group PLC acquired a new stake in RealPage in the 2nd quarter worth about $107,795,000. Royal Bank of Canada boosted its holdings in RealPage by 89,197.4% in the 2nd quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock worth $34,092,000 after buying an additional 947,276 shares during the last quarter. Stockbridge Partners LLC boosted its holdings in RealPage by 26.2% in the 2nd quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock worth $136,835,000 after buying an additional 790,297 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in RealPage by 74.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,378,538 shares of the software maker’s stock worth $49,558,000 after buying an additional 586,144 shares during the last quarter. Finally, Contour Asset Management LLC acquired a new stake in RealPage in the 2nd quarter worth about $16,044,000. Institutional investors own 73.58% of the company’s stock.

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About RealPage

RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.

Analyst Recommendations for RealPage (NASDAQ:RP)

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