RealPage (RP) Stock Rating Reaffirmed by William Blair

RealPage (NASDAQ:RP)‘s stock had its “outperform” rating reiterated by equities researchers at William Blair in a report issued on Tuesday. William Blair also issued estimates for RealPage’s Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.29 EPS, FY2019 earnings at $1.24 EPS, Q1 2020 earnings at $0.36 EPS, Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.43 EPS, Q4 2020 earnings at $0.36 EPS and FY2020 earnings at $1.54 EPS.

Several other equities analysts have also weighed in on RP. Royal Bank of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of RealPage in a research report on Friday, November 2nd. Morgan Stanley set a $63.00 price objective on shares of RealPage and gave the company a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Thursday, November 8th. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 13th. Finally, ValuEngine upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $65.80.

NASDAQ RP opened at $61.21 on Tuesday. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 170.03 and a beta of 1.33. RealPage has a 1 year low of $42.90 and a 1 year high of $66.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.83.

RealPage (NASDAQ:RP) last issued its quarterly earnings data on Monday, February 25th. The software maker reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $226.97 million for the quarter, compared to analyst estimates of $229.23 million. RealPage had a net margin of 0.91% and a return on equity of 10.55%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that RealPage will post 1.06 EPS for the current year.

In related news, CFO W Bryan Hill sold 121,835 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $52.37, for a total value of $6,380,498.95. Following the transaction, the chief financial officer now directly owns 138,011 shares in the company, valued at $7,227,636.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 150,000 shares of the company’s stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $53.29, for a total transaction of $7,993,500.00. Following the completion of the transaction, the insider now owns 13,882,598 shares in the company, valued at $739,803,647.42. The disclosure for this sale can be found here. Insiders sold 771,900 shares of company stock worth $39,423,215 over the last 90 days. 24.91% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in RealPage by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 378,440 shares of the software maker’s stock worth $18,237,000 after buying an additional 24,246 shares in the last quarter. Amalgamated Bank grew its stake in RealPage by 63.8% during the fourth quarter. Amalgamated Bank now owns 15,947 shares of the software maker’s stock worth $768,000 after buying an additional 6,209 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in RealPage by 13.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 272,317 shares of the software maker’s stock worth $13,123,000 after buying an additional 31,718 shares in the last quarter. Macquarie Group Ltd. grew its stake in RealPage by 2.7% during the fourth quarter. Macquarie Group Ltd. now owns 61,036 shares of the software maker’s stock worth $2,941,000 after buying an additional 1,587 shares in the last quarter. Finally, Worth Venture Partners LLC acquired a new stake in RealPage during the fourth quarter worth about $1,743,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

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 for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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