Geo Group Inc. (GEO) Given “Hold” Rating at Wells Fargo & Co.
A number of other brokerages have also recently weighed in on GEO. Canaccord Genuity raised their target price on shares of Geo Group from $37.00 to $38.00 and gave the stock a buy rating in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Geo Group from a hold rating to a strong sell rating in a research note on Wednesday, August 10th. TheStreet lowered shares of Geo Group from a buy rating to a hold rating in a research note on Thursday, August 18th. Finally, SunTrust Banks Inc. decreased their price objective on shares of Geo Group from $38.00 to $32.00 and set a buy rating for the company in a research note on Thursday, September 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $31.33.
Geo Group (NYSE:GEO) traded up 0.16% during mid-day trading on Tuesday, hitting $32.14. The stock had a trading volume of 174,034 shares. The firm’s 50-day moving average is $25.60 and its 200 day moving average is $28.85. The stock has a market cap of $2.38 billion, a PE ratio of 16.66 and a beta of 1.03. Geo Group has a one year low of $16.26 and a one year high of $35.14.
Geo Group (NYSE:GEO) last issued its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.16. The business had revenue of $554.40 million for the quarter, compared to the consensus estimate of $567.16 million. Geo Group had a return on equity of 14.70% and a net margin of 6.78%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 earnings per share. Equities research analysts expect that Geo Group will post $2.92 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, October 31st were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date of this dividend was Thursday, October 27th. Geo Group’s dividend payout ratio (DPR) is currently 134.72%.
In related news, SVP Ann M. Schlarb bought 1,500 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was bought at an average price of $19.51 per share, with a total value of $29,265.00. Following the purchase, the senior vice president now directly owns 11,464 shares of the company’s stock, valued at approximately $223,662.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Independent Portfolio Consultants Inc. raised its stake in shares of Geo Group by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,570 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 15 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Geo Group by 0.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,981 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 85 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Geo Group by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 32,800 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. raised its stake in shares of Geo Group by 0.5% in the third quarter. Capstone Asset Management Co. now owns 22,143 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 119 shares during the period. Finally, Baker Ellis Asset Management LLC raised its stake in shares of Geo Group by 1.2% in the second quarter. Baker Ellis Asset Management LLC now owns 10,230 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 125 shares during the period. 88.16% of the stock is owned by institutional investors.
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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.
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