Stockbridge Partners buys $137,317,812 stake in RealPage (RP)

RealPage (RP) : Stockbridge Partners scooped up 316,476 additional shares in RealPage during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 5,481,749 shares of RealPage which is valued at $137,317,812.RealPage makes up approximately 6.27% of Stockbridge Partners’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in RP by selling 87,495 shares or 27.68% in the most recent quarter. The Hedge Fund company now holds 228,602 shares of RP which is valued at $5,726,480. RealPage makes up approx 0.01% of D. E. Shaw’s portfolio.Blackrock Group Ltd boosted its stake in RP in the latest quarter, The investment management firm added 2,348 additional shares and now holds a total of 41,825 shares of RealPage which is valued at $1,047,716.Mufg Americas Holdings Corp boosted its stake in RP in the latest quarter, The investment management firm added 259 additional shares and now holds a total of 434 shares of RealPage which is valued at $10,746.Diam Ltd. boosted its stake in RP in the latest quarter, The investment management firm added 11,601 additional shares and now holds a total of 101,626 shares of RealPage which is valued at $2,543,699. RealPage makes up approx 0.04% of Diam Ltd.’s portfolio.Palisade Capital Managementnj reduced its stake in RP by selling 9,174 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 1,044,945 shares of RP which is valued at $26,154,973. RealPage makes up approx 1.11% of Palisade Capital Managementnj’s portfolio.

RealPage closed down -0.35 points or -1.36% at $25.39 with 12,43,056 shares getting traded on Thursday. Post opening the session at $25.61, the shares hit an intraday low of $24.905 and an intraday high of $26.0025 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, RealPage reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17. The company had revenue of $142.50 million for the quarter, compared to analysts expectations of $141.42 million. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on RealPage. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 27 from a previous price target of $23 .RealPage was Resumed by Credit Suisse to “Underperform” on Aug 4, 2016. The Benchmark Company Initiated RealPage on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $28.

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. Its on demand software solutions are delivered through an integrated software platform that provides a single point of access and a shared repository of prospect renter and property data. By integrating and streamlining different processes and interactions among the rental housing and vacation rental ecosystem of owners managers prospects renters and service providers the Company’s platform facilitates the property management process. The Company also provides solutions that consist of advisory services consulting and training.

Leave a Reply

RealPage - Is it time to Sell?

Top Brokerage Firms are advising their investors on RealPage. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.