RP has been the topic of several other reports. Zacks Investment Research downgraded Hess Midstream Partners from a hold rating to a sell rating in a report on Tuesday, May 14th. DA Davidson began coverage on BRT Apartments in a research report on Thursday, March 28th. They set a buy rating and a $16.00 price objective for the company. Finally, ValuEngine upgraded ZIX from a buy rating to a strong-buy rating in a research report on Saturday, May 4th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $66.00.
Shares of NASDAQ RP opened at $64.57 on Friday. RealPage has a 1-year low of $42.90 and a 1-year high of $66.25. The firm has a market capitalization of $6.11 billion, a P/E ratio of 59.79 and a beta of 1.40. The business’s fifty day moving average is $59.26. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Monday, May 6th. The software maker reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $234.30 million for 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 revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. On average, research analysts expect that RealPage will post 1.26 EPS for the current year.
In other RealPage news, EVP William P. Chaney sold 27,500 shares of RealPage stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $57.73, for a total value of $1,587,575.00. Following the sale, the executive vice president now owns 127,250 shares of the company’s stock, valued at approximately $7,346,142.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 150,000 shares of RealPage stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $56.16, for a total value of $8,424,000.00. Following the completion of the sale, the insider now directly owns 9,737,573 shares in the company, valued at approximately $546,862,099.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 981,793 shares of company stock valued at $57,315,347. 17.05% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Vanguard Group Inc raised its position in RealPage by 4.3% during the third quarter. Vanguard Group Inc now owns 6,481,206 shares of the software maker’s stock valued at $427,112,000 after purchasing an additional 265,790 shares in the last quarter. American Century Companies Inc. boosted its position in RealPage by 25.2% during the first quarter. American Century Companies Inc. now owns 3,441,416 shares of the software maker’s stock valued at $208,860,000 after acquiring an additional 692,342 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of RealPage by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,954,001 shares of the software maker’s stock worth $179,278,000 after purchasing an additional 372,878 shares in the last quarter. Carillon Tower Advisers Inc. boosted its position in shares of RealPage by 16.8% during the 1st quarter. Carillon Tower Advisers Inc. now owns 1,831,376 shares of the software maker’s stock worth $111,146,000 after purchasing an additional 262,924 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of RealPage by 16.6% during the 1st quarter. King Luther Capital Management Corp now owns 1,554,734 shares of the software maker’s stock worth $94,357,000 after purchasing an additional 221,822 shares in the last quarter. Institutional investors own 88.24% of the company’s stock.
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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