Geo Group Inc. (NYSE:GEO) had its price target upped by equities research analysts at Canaccord Genuity from $29.00 to $35.00 in a report issued on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Canaccord Genuity’s price target would indicate a potential upside of 12.40% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut Geo Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 10th. SunTrust Banks Inc. dropped their price target on Geo Group from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, September 1st. Finally, TheStreet cut Geo Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th.

Geo Group (NYSE:GEO) opened at 31.14 on Friday. Geo Group has a 12 month low of $16.26 and a 12 month high of $35.14. The firm has a market cap of $2.31 billion, a PE ratio of 16.14 and a beta of 1.03. The stock’s 50 day moving average is $24.24 and its 200 day moving average is $28.98.

Geo Group (NYSE:GEO) last announced its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by $0.16. Geo Group had a net margin of 6.78% and a return on equity of 14.70%. The firm earned $554.40 million during the quarter, compared to analysts’ expectations of $567.16 million. During the same quarter in the prior year, the business earned $0.90 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities analysts forecast that Geo Group will post $2.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, October 31st were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date of this dividend was Thursday, October 27th. Geo Group’s dividend payout ratio is presently 134.72%.

In related news, SVP Ann M. Schlarb acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average price of $19.51 per share, for a total transaction of $29,265.00. Following the transaction, the senior vice president now owns 11,464 shares in the company, valued at approximately $223,662.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Capstone Asset Management Co. boosted its stake in Geo Group by 2.4% in the second quarter. Capstone Asset Management Co. now owns 22,024 shares of the real estate investment trust’s stock worth $753,000 after buying an additional 510 shares in the last quarter. Breton Hill Capital Ltd. boosted its stake in Geo Group by 25.2% in the second quarter. Breton Hill Capital Ltd. now owns 16,290 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 3,281 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Geo Group by 2.9% in the second quarter. NEXT Financial Group Inc now owns 10,750 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Geo Group by 530.8% in the second quarter. BNP Paribas Arbitrage SA now owns 68,761 shares of the real estate investment trust’s stock worth $2,350,000 after buying an additional 57,860 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in Geo Group by 90.5% in the first quarter. First Republic Investment Management Inc. now owns 21,012 shares of the real estate investment trust’s stock worth $729,000 after buying an additional 9,982 shares in the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Geo Group Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

5 Day Chart for NYSE:GEO

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