JPMorgan analyst Sterling Auty downgraded RealPage to Neutral from Overweight with a price target of $65, down from $78. The analyst says his thesis on organic revenue growth starting to improve as the company corrected its challenges around implementation time frames has not played out. RealPage's organic growth has decelerated to 9% as headwinds persist, and the company also faces challenges in its utility management products and the timing of new product revenue ramping, Auty tells investors in a post-earnings research note. He now expects management to invest more heavily, taking away margin expansion potential in order to reinvigorate sales growth. This takes away some of the near-term upside in RealPage shares, says the analyst.