Is RealPage (RP) A Smart Long-Term Buy?

Carillon Tower Advisers, an investment management firm, published its fourth quarter 2020 “Carillon Eagle Small Cap Growth Fund” investor letter – a copy of which can be downloaded here. In the letter, the fund talked about their best and worst securities, together with their outlook for this year from an investment perspective. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Carillon Eagle Small Cap Growth Fund, in their Q4 2020 investor letter, mentioned RealPage, Inc. (NASDAQ: RP) and emphasized their views on the company. RealPage, Inc. is a Richardson, Texas-based software company that currently has a $8.9 billion market capitalization. In the past month, RP delivered a 0.30% return, extending its 12-month gains to 63.49%. As of March 24, 2021, the stock closed at $87.24 per share.

Here is what Carillon Eagle Small Cap Growth Fund has to say about RealPage, Inc. in their Q4 2020 investor letter:

“RealPage provides software and data analytics products to the multi-family real estate industry. After previously dealing with general COVID related concerns surrounding large multifamily properties, the company entered into an agreement in the quarter to be acquired by private equity firm Thoma Bravo for a sizable premium, sending shares higher. The terms of the agreement also grant RealPage permission to seek a higher bidder within a 45-day “go-shop” period.”

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Oleksiy Mark/

Our calculations show that RealPage, Inc. (NASDAQ: RP) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, RealPage, Inc. was in 48 hedge fund portfolios, compared to 39 funds in the third quarter. RP delivered a -0.33% return in the past 3 months.