OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in Geo Group Inc (The) (NYSE:GEO) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,700 shares of the real estate investment trust’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GEO. State Street Corp raised its position in Geo Group Inc (The) by 8.7% in the fourth quarter. State Street Corp now owns 1,724,304 shares of the real estate investment trust’s stock valued at $61,954,000 after buying an additional 137,781 shares in the last quarter. FMR LLC acquired a new position in Geo Group Inc (The) during the fourth quarter valued at $57,509,000. Credit Agricole S A raised its position in Geo Group Inc (The) by 87.6% in the fourth quarter. Credit Agricole S A now owns 7,318 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 3,418 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Geo Group Inc (The) during the fourth quarter valued at $517,000. Finally, Thrivent Financial for Lutherans raised its position in Geo Group Inc (The) by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 56,076 shares of the real estate investment trust’s stock valued at $2,015,000 after buying an additional 3,220 shares in the last quarter. Hedge funds and other institutional investors own 62.70% of the company’s stock.

Geo Group Inc (GEO) traded down 0.28% during mid-day trading on Thursday, hitting $28.18. The company’s stock had a trading volume of 550,728 shares. The firm has a 50 day moving average of $30.01 and a 200-day moving average of $30.40. Geo Group Inc has a 52-week low of $10.84 and a 52-week high of $34.32. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 19.99 and a beta of 1.54.

Geo Group Inc (The) (NYSE:GEO) last released its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. The company had revenue of $550.61 million for the quarter, compared to analysts’ expectations of $550.79 million. Geo Group Inc (The) had a net margin of 7.06% and a return on equity of 15.32%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, equities research analysts expect that Geo Group Inc will post $1.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were given a $0.47 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $1.88 annualized dividend and a yield of 6.67%. Geo Group Inc (The)’s payout ratio is 135.25%.

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GEO has been the topic of several recent analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $33.33 target price on shares of Geo Group Inc (The) in a report on Monday, April 10th. Zacks Investment Research downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. ValuEngine raised Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, J P Morgan Chase & Co initiated coverage on Geo Group Inc (The) in a research note on Friday, July 14th. They issued an “overweight” rating and a $35.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.33.

In related news, Director Richard H. Glanton sold 3,187 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $29.87, for a total value of $95,195.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shayn P. March sold 22,542 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $32.96, for a total transaction of $742,984.32. Following the completion of the transaction, the vice president now directly owns 36,170 shares in the company, valued at approximately $1,192,163.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,666 shares of company stock worth $866,730. 2.40% of the stock is owned by insiders.

About Geo Group Inc (The)

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.

Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

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