RealPage Inc. (RP) Shares Bought by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of RealPage Inc. (NASDAQ:RP) by 225.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,525 shares of the company’s stock after buying an additional 23,225 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in RealPage were worth $749,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its stake in shares of RealPage by 28.6% in the first quarter. TIAA CREF Investment Management LLC now owns 241,111 shares of the company’s stock valued at $5,025,000 after buying an additional 53,575 shares during the period. Teachers Advisors Inc. increased its stake in RealPage by 13.7% in the first quarter. Teachers Advisors Inc. now owns 436,070 shares of the company’s stock worth $9,088,000 after buying an additional 52,711 shares during the last quarter. Algert Global LLC bought a new stake in RealPage during the first quarter worth about $532,000. Acrospire Investment Management LLC bought a new stake in RealPage during the first quarter worth about $106,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in RealPage during the first quarter worth about $1,351,000. Institutional investors and hedge funds own 65.45% of the company’s stock.
Shares of RealPage Inc. (NASDAQ:RP) traded up 0.64% during mid-day trading on Tuesday, hitting $25.24. 94,533 shares of the stock traded hands. The company’s 50 day moving average is $25.28 and its 200 day moving average is $22.73. The firm has a market capitalization of $2.03 billion, a P/E ratio of 2524.00 and a beta of 1.20. RealPage Inc. has a one year low of $16.06 and a one year high of $26.44.
RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. RealPage had a net margin of 0.15% and a return on equity of 8.84%. The firm had revenue of $142.50 million for the quarter, compared to analyst estimates of $141.45 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, equities analysts expect that RealPage Inc. will post $0.73 EPS for the current fiscal year.
A number of research analysts have recently weighed in on the stock. JMP Securities restated a “buy” rating on shares of RealPage in a report on Tuesday. Credit Suisse Group AG restated an “underperform” rating and set a $21.00 price target (up previously from $19.00) on shares of RealPage in a report on Thursday, August 4th. Royal Bank Of Canada raised their price target on shares of RealPage from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, August 4th. RBC Capital Markets restated a “sector perform” rating and set a $27.00 price target (up previously from $23.00) on shares of RealPage in a report on Thursday, August 4th. Finally, Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. RealPage presently has an average rating of “Hold” and a consensus price target of $27.29.
In other RealPage news, CEO Stephen T. Winn sold 90,000 shares of the stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $22.05, for a total transaction of $1,984,500.00. Following the sale, the chief executive officer now directly owns 4,535,938 shares in the company, valued at $100,017,432.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Seren Capital, Ltd. sold 44,000 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $24.84, for a total transaction of $1,092,960.00. Following the sale, the insider now owns 19,504,416 shares in the company, valued at $484,489,693.44. The disclosure for this sale can be found here. 33.24% of the stock is currently owned by corporate insiders.
RealPage Company Profile
RealPage, Inc is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations.
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