RealPage (NASDAQ:RP) Downgraded by Benchmark to Hold

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

A number of other brokerages also recently commented on RP. KeyCorp assumed coverage on shares of RealPage in a report on Tuesday, July 16th. They issued an overweight rating and a $76.00 price target for the company. ValuEngine downgraded shares of RealPage from a buy rating to a hold rating in a report on Thursday, September 5th. JPMorgan Chase & Co. downgraded shares of RealPage from an overweight rating to a neutral rating and lowered their price target for the company from $78.00 to $65.00 in a report on Thursday. BidaskClub downgraded shares of RealPage from a buy rating to a hold rating in a report on Saturday, September 7th. Finally, Zacks Investment Research raised shares of 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 given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $68.50.

Shares of NASDAQ:RP traded up $0.75 during midday trading on Thursday, hitting $54.11. The company had a trading volume of 1,224,300 shares, compared to its average volume of 623,927. The company has a fifty day moving average of $61.30 and a two-hundred day moving average of $61.32. RealPage has a 12-month low of $42.90 and a 12-month high of $65.92. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 49.19 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.81 and a quick ratio of 0.81.

RealPage (NASDAQ:RP) last released 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. RealPage had a net margin of 4.48% and a return on equity of 9.86%. The business had revenue of $255.20 million during the quarter, compared to the consensus estimate of $254.32 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Research analysts expect that RealPage will post 1.25 earnings per share for the current fiscal year.

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In related news, CEO Stephen T. Winn sold 29,070 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $60.84, for a total value of $1,768,618.80. Following the sale, the chief executive officer now directly owns 1,210,873 shares of the company’s stock, valued at approximately $73,669,513.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 51,672 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $61.41, for a total transaction of $3,173,177.52. Following the completion of the sale, the insider now directly owns 9,504,263 shares in the company, valued at $583,656,790.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 712,667 shares of company stock valued at $43,937,476. 17.05% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of RP. CWM LLC raised its position in RealPage by 931.6% in the 2nd quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after purchasing an additional 531 shares during the period. FTB Advisors Inc. increased its position in shares of RealPage by 487.8% during the second quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock worth $65,000 after acquiring an additional 922 shares during the period. Tower Research Capital LLC TRC increased its position in shares of RealPage by 242.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock worth $95,000 after acquiring an additional 1,134 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of RealPage during the second quarter worth approximately $113,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of RealPage during the third quarter worth approximately $163,000. 90.16% of the stock is currently owned by institutional investors.

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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