Long Position on RP @ $25.10 on 8/2/2016 (Momentum)

RealPage, Inc. (RP) provides software and software-enabled services for the rental housing and vacation rental industries in the United States.

It offers property management solutions, including OneSite to serve multi-family, affordable property, rural housing, military housing, senior and student housing, and commercial sectors; and Propertyware for accounting, maintenance and work order management, marketing spend management, and portal services, as well as screening, renter’s insurance, and payment solutions.

The company also provides Kigo, a solution for vacation rental property management; spend management solutions for property owners and managers; and RealPage Cloud, an application infrastructure that allow property owners and managers to outsource portions of the information technology (IT) operations.

In addition, it offers leasing and marketing solutions consisting of Online Leasing, Contact Center, LeaseStar Platform, LeaseStar Marketing Management, MyNewPlace, Senior Marketing Management, and Renter Screening, which manages Websites, paid and organic lead generation, lead management, automated lead closure, lead analytics, unit availability, online apartment leasing, and applicant screening services. Further, the company provides resident services solutions, such as Utility Management, Payments, Resident Portal, Contact Center Maintenance, Indatus, and Renter’s insurance for utility billing, renter payment processing, service requests, lease renewals, renter’s insurance, and consulting and advisory services; asset optimization solutions covering yield management and business intelligence solutions; and professional services, such as consulting and implementation, as well as training services.

Additionally, it offers IT infrastructure, product support, and product development services. The company sells rental housing software and services through its direct sales organization.

Shares have formed a bullish "cup and handle" ahead of company's quartery results on August 3rd. Higher share prices are expected for this stock.

52-Weeks Trading Range: $16.06 - $25.39

Entry Point: $25.10

Stop Loss: $23.00

Target Price: $27.70

Updates

9/22/2016 9:40:16 AM

RP closed at $25.91

Position closed on 9/22/2016 at price of $25.91 with a 3.23% gain in 51 days.

Back to Portfolio