Geo Group Inc (The) (NYSE:GEO) received a $35.00 price objective from stock analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Canaccord Genuity’s target price suggests a potential upside of 34.51% from the company’s current price.

A number of other brokerages have also weighed in on GEO. Zacks Investment Research lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. BidaskClub lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. ValuEngine raised Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a research report on Friday, July 14th. They set an “overweight” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.33.

Shares of Geo Group Inc (NYSE:GEO) traded down 7.27% during midday trading on Monday, reaching $26.02. The company had a trading volume of 2,515,785 shares. The firm’s 50 day moving average price is $30.01 and its 200-day moving average price is $30.40. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 18.68 and a beta of 1.54. Geo Group Inc has a 1-year low of $10.84 and a 1-year high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last issued its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.15. The firm had revenue of $570.10 million for the quarter, compared to the consensus estimate of $584.69 million. Geo Group Inc (The) had a net margin of 7.06% and a return on equity of 15.32%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. Equities research analysts expect that Geo Group Inc will post $1.32 EPS for the current fiscal year.

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In other news, VP Shayn P. March sold 22,542 shares of Geo Group Inc (The) stock in a transaction on Friday, June 9th. The stock was sold at an average price of $32.96, for a total value of $742,984.32. Following the transaction, the vice president now directly owns 36,170 shares in the company, valued at approximately $1,192,163.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard H. Glanton sold 3,187 shares of Geo Group Inc (The) stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $29.87, for a total value of $95,195.69. The disclosure for this sale can be found here. Insiders sold a total of 26,666 shares of company stock worth $866,730 over the last quarter. Company insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Company increased its position in shares of Geo Group Inc (The) by 3.1% in the fourth quarter. Capstone Asset Management Company now owns 22,524 shares of the real estate investment trust’s stock worth $651,000 after buying an additional 670 shares in the last quarter. Eagle Asset Management increased its position in shares of Geo Group Inc (The) by 65.9% in the third quarter. Eagle Asset Management now owns 4,858,190 shares of the real estate investment trust’s stock worth $144,482,000 after buying an additional 1,930,439 shares in the last quarter. Jennison Associates increased its position in shares of Geo Group Inc (The) by 0.4% in the third quarter. Jennison Associates now owns 2,066,037 shares of the real estate investment trust’s stock worth $61,444,000 after buying an additional 7,323 shares in the last quarter. Assetmark bought a new position in shares of Geo Group Inc (The) during the third quarter worth about $0. Finally, ProShare Advisors LLC increased its position in shares of Geo Group Inc (The) by 20.6% in the fourth quarter. ProShare Advisors LLC now owns 39,347 shares of the real estate investment trust’s stock worth $1,138,000 after buying an additional 6,721 shares in the last quarter. Institutional investors and hedge funds own 64.43% of the company’s stock.

Geo Group Inc (The) 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.

Analyst Recommendations for Geo Group Inc (The) (NYSE:GEO)

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