BidaskClub upgraded shares of RealPage (NASDAQ:RP) from a buy rating to a strong-buy rating in a research report released on Thursday.
RP has been the topic of a number of other research reports. Benchmark lifted 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. Zacks Investment Research lowered RealPage from a buy rating to a hold rating in a report on Wednesday, January 24th. KeyCorp lifted their price objective on RealPage from $53.00 to $61.00 and gave the company an overweight rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on shares of RealPage in a research report on Monday, November 20th. They set an equal weight rating and a $48.00 price target for the company. Finally, Royal Bank of Canada reiterated a hold rating and set a $49.00 price target on shares of RealPage in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $50.63.
Shares of RealPage (NASDAQ:RP) opened at $50.95 on Thursday. RealPage has a twelve month low of $32.30 and a twelve month high of $51.60. The firm has a market capitalization of $4,220.00, a P/E ratio of 145.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06.
Several institutional investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in RealPage by 210.9% in the 4th quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock valued at $111,000 after acquiring an additional 1,704 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in RealPage in the 4th quarter valued at $162,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in RealPage by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after acquiring an additional 1,018 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in RealPage by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after acquiring an additional 485 shares during the last quarter. Finally, Breton Hill Capital Ltd. acquired a new position in RealPage in the 3rd quarter valued at $228,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
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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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