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RP

RealPage

$54.99

-0.28 (-0.51%)

09:06
10/12/18
10/12
09:06
10/12/18
09:06

RealPage to acquire Rentlytics for approx. $57M in cash

RealPage announced that it has entered into an agreement to acquire Rentlytics, which will expand the company's business intelligence and performance analytics platform by nearly 900,000 additional multifamily units. Rentlytics provides owners and operators with normalized data across multiple third-party systems, resolving system incompatibility, data accuracy issues and time-to-analysis delays. Rentlytics integrates with more property management software platforms than RealPage, thereby extending our ability to consolidate accounting and operating KPIs from more sources. Rentlytics adds nearly 900,000 units of real time data to the RealPage data analytics platform, giving RealPage the ability to improve the precision of benchmarking and yield optimization tools. Approximately 200,000 units are new to RealPage. Rentlytics has developed a new product called "Renovation Manager" that helps manage renovation workflow and provides better visibility into per-unit and per-property yields achievable through renovations. Over 10,000 properties are under renovation in the U.S. today as owners stretch for higher rental yields. RealPage intends to begin marketing this product to its clients immediately upon completion of the acquisition. The completion of the acquisition remains subject to certain standard conditions, which the company expects to be satisfied prior to the anticipated close sometime during the week of October 15, 2018. The company will acquire Rentlytics for an initial purchase price of approximately $57M in cash. The acquisition price is subject to working capital and other adjustments and a holdback for potential indemnification claims. The company expects the acquisition of Rentlytics to contribute revenue of approximately $1.5M and to contribute immaterially to its 2018 Adjusted EBITDA during the three-month period ending December 31, 2018. In addition, RealPage expects Rentlytics to contribute revenue of approximately $9M during the full year ending December 31, 2019, representing growth of 35%.

  • 13

    Nov

RP RealPage
$54.99

-0.28 (-0.51%)

09/14/18
KEYB
09/14/18
NO CHANGE
Target $72
KEYB
Overweight
RealPage price target raised to $72 from $67 at KeyBanc
KeyBanc analyst Monika Garg maintained an Overweight rating on RealPage following management meetings with CFO Bryan Hill and VP of Investor Relations Rhett Butler. In a research note to investors, Garg says she came away from the meetings with increased confidence in the company's near-term execution and long-term opportunities and that strong bookings growth is leading to confidence that organic growth could accelerate in the second half of the year. Garg, who reiterated that softening real estate could be counter-cyclical to RealPage's business, raised her price target to $72 and says that longer term, she sees about 35% upside to her bull case of $84.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
08/03/18
RBCM
08/03/18
NO CHANGE
Target $64
RBCM
Sector Perform
RealPage price target raised to $64 from $59 at RBC Capital
RBC Capital analyst Matthew Hedberg raised his price target on RealPage to $64 and kept his Sector Perform rating after its Q2 earnings that showed "improved consistency". The analyst adds that the company's organic growth is set to accelerate into 2018-end to rates not seen since 2015, with more impact felt from its strategy, investments and competitive positioning.
08/03/18
JPMS
08/03/18
NO CHANGE
Target $76
JPMS
Overweight
RealPage remains a favorite name after 'impressive' results at JPMorgan
JPMorgan analyst Sterling Auty says RealPage remains one of his favorite names following the company's "impressive" Q2 results. The quarter sets RealPage up to deliver upon its fiscal long-range targets for revenue a year ahead of time, Auty tells investors in a research note. Accelerating organic revenue growth combined with recent acquisitions puts the company on target to deliver north of $1B of revenue in 2019, the analyst adds. He reiterates an Overweight rating on RealPage with a $76 price target.

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