RealPage (NASDAQ:RP) had its price objective hoisted by KeyCorp from $53.00 to $61.00 in a report released on Tuesday, February 6th. The brokerage currently has an overweight rating on the software maker’s stock. KeyCorp also issued estimates for RealPage’s Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.85 EPS, Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $1.11 EPS and FY2020 earnings at $1.39 EPS. The analysts noted that the move was a valuation call.
A number of other research analysts have also recently commented on RP. BidaskClub upgraded shares of RealPage from a hold rating to a buy rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of RealPage from a hold rating to a buy rating and set a $52.00 target price on the stock in a report on Wednesday, January 10th. Morgan Stanley upgraded shares of RealPage from an equal weight rating to an overweight rating and set a $48.00 target price on the stock in a report on Tuesday, January 30th. Benchmark raised their price target on RealPage from $43.00 to $51.00 and gave the stock a buy rating in a research note on Wednesday, November 1st. Finally, Stephens raised their price target on RealPage from $50.00 to $54.00 and gave the stock an overweight rating in a research note on Friday, December 29th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. RealPage presently has a consensus rating of Buy and a consensus target price of $50.63.
Shares of RealPage (RP) opened at $47.30 on Tuesday. RealPage has a fifty-two week low of $32.25 and a fifty-two week high of $51.60. The stock has a market cap of $3,982.36, a PE ratio of 87.36 and a beta of 1.13. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06.
In other news, CFO W Bryan Hill sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William P. Chaney sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the executive vice president now directly owns 172,904 shares in the company, valued at $7,780,680. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,502,202 shares of company stock valued at $112,062,171. Corporate insiders own 30.31% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new position in RealPage in the 2nd quarter valued at $107,795,000. Carillon Tower Advisers Inc. bought a new position in RealPage in the 4th quarter valued at $69,482,000. King Luther Capital Management Corp grew its position in RealPage by 224.8% in the 4th quarter. King Luther Capital Management Corp now owns 835,001 shares of the software maker’s stock valued at $36,991,000 after acquiring an additional 577,928 shares during the last quarter. Koch Industries Inc. bought a new position in RealPage in the 2nd quarter valued at $320,000. Finally, Wells Fargo & Company MN grew its position in RealPage by 54.6% in the 4th quarter. Wells Fargo & Company MN now owns 723,151 shares of the software maker’s stock valued at $32,035,000 after acquiring an additional 255,446 shares during the last quarter. 72.94% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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