Why RBC Capital Downgraded RealPage (RP)

NEW YORK (TheStreet) -- RBC Capital downgraded enterprise software developer RealPage (RP) after the company cut guidance and warned of higher salesforce turnover. 

The investment firm cut RealPage to "sector perform" from "outperform" with a $22 price target. 

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TheStreet Ratings team rates REALPAGE INC as a Hold with a ratings score of C+. The team has this to say about their recommendation:

"We rate REALPAGE INC (RP) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."

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