Benchmark Co. Believes RP Won’t Stop Here

By Jason Carr

Benchmark Co. analyst Mark Schappel reiterated a Buy rating on Realpage (NASDAQ: RP) today and set a price target of $30. The company’s shares opened today at $28.20, close to its 52-week high of $28.66.

According to TipRanks.com, Schappel is a 5-star analyst with an average return of 15.3% and a 62.1% success rate. Schappel covers the Technology sector, focusing on stocks such as Progress Software Corp., Manhattan Associates, and Tyler Technologies.

Currently, the analyst consensus on Realpage is Moderate Buy and the average price target is $30.50, representing an 8.2% upside.

In a report issued on November 1, JMP Securities also maintained a Buy rating on the stock with a $35 price target.

Realpage’s market cap is currently $2.25B and has a P/E ratio of 2800. The company has a book value ratio of 6.7260.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Bryan Hill, the EVP, CFO & Treas of RP sold 5,000 shares for a total of $127,717.

RealPage, Inc. engages in the provision of software solutions for the rental housing industry. It offers on demand product lines that enable owners and managers of single-family and a wide variety of multifamily rental property types, including conventional, affordable, military, student and senior housing, to manage its marketing, pricing, screening, leasing, accounting, purchasing, utilities and other property operations. Its broad range of property management solutions enable property owners and managers to increase revenues and reduce operating costs through higher occupancy, improved pricing methodologies, new sources of revenue from ancillary services, improved collections and more integrated and centralized processes. The company was founded by Stephen T. Winn in November 1998 and is headquartered in Carrollton, TX.