RealPage Inc (RP) Expected to Post Q4 2018 Earnings of $0.23 Per Share
RealPage Inc (NASDAQ:RP) – Stock analysts at KeyCorp lifted their Q4 2018 earnings per share (EPS) estimates for shares of RealPage in a research note issued on Monday. KeyCorp analyst M. Garg now expects that the software maker will post earnings per share of $0.23 for the quarter, up from their previous forecast of $0.21. KeyCorp currently has a “Overweight” rating and a $61.00 price objective on the stock.
RP has been the subject of several other research reports. Morgan Stanley started coverage on RealPage in a report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price objective for the company. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Royal Bank of Canada restated a “hold” rating and issued a $49.00 price objective on shares of RealPage in a report on Wednesday, January 17th. Stephens upped their price objective on RealPage from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, December 29th. Finally, Benchmark upped their price objective on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.63.
Large investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado acquired a new position in RealPage during the fourth quarter valued at $162,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in RealPage by 35.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after buying an additional 1,018 shares during the period. Ameritas Investment Partners Inc. raised its position in RealPage by 10.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after buying an additional 485 shares during the period. Breton Hill Capital Ltd. acquired a new position in RealPage during the third quarter valued at $228,000. Finally, Bessemer Group Inc. raised its position in RealPage by 28.0% during the third quarter. Bessemer Group Inc. now owns 6,400 shares of the software maker’s stock valued at $255,000 after buying an additional 1,400 shares during the period. 73.53% of the stock is currently owned by hedge funds and other institutional investors.
In other news, major shareholder Seren Capital, Ltd. sold 188,601 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $43.57, for a total transaction of $8,217,345.57. Following the sale, the insider now directly owns 17,815,796 shares of the company’s stock, valued at $776,234,231.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William P. Chaney sold 1,000 shares of the business’s stock in a transaction 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. Insiders have sold 2,643,467 shares of company stock worth $118,207,199 over the last ninety days. 30.31% of the stock is owned by insiders.
RealPage Company Profile
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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