UPDATE: Credit Suisse Initiates RealPage at an Outperform Rating

Credit Suisse initiated coverage on RealPage

at an Outperform rating and a $28 price target. Credit Suisse wrote, “Initiated Coverage of Real Page with an Outperform Rating and $28 Target Price on July 19: RealPage is a leading provider of software solutions for the rental housing industry. Positive secular growth trends in the U.S. rental housing industry due to decreasing home ownership, consumer deleveraging, tighter lending standards, and favorable population demographics should drive higher rental occupancy rates, which begets the need for RealPage's software to manage the rental management process.” RealPage closed at $21.59 on Friday.