Geo Group Inc (The) (NYSE:GEO) declared a quarterly dividend on Thursday, October 12th, RTT News reports. Stockholders of record on Monday, October 23rd will be paid a dividend of 0.47 per share by the real estate investment trust on Monday, October 30th. This represents a $1.88 annualized dividend and a dividend yield of 7.21%.

Geo Group Inc (The) has raised its dividend by an average of 8.2% annually over the last three years and has increased its dividend every year for the last 4 years. Geo Group Inc (The) has a payout ratio of 97.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Geo Group Inc (The) to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 93.1%.

Shares of Geo Group Inc (NYSE:GEO) traded up 0.08% during trading on Thursday, hitting $26.09. The stock had a trading volume of 68,207 shares. The firm has a 50 day moving average price of $26.45 and a 200 day moving average price of $29.39. Geo Group Inc has a 12-month low of $15.07 and a 12-month high of $34.32. The firm has a market cap of $3.19 billion, a P/E ratio of 18.30 and a beta of 1.52.

Geo Group Inc (The) (NYSE:GEO) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.15). Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The firm had revenue of $570.10 million for the quarter, compared to analysts’ expectations of $584.69 million. During the same period in the previous year, the company earned $0.21 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Geo Group Inc will post $1.27 earnings per share for the current fiscal year.

WARNING: “Geo Group Inc (The) (GEO) Plans Quarterly Dividend of $0.47” was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/12/geo-group-inc-the-geo-plans-quarterly-dividend-of-0-47.html.

In related news, Director Anne N. Foreman sold 17,340 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total value of $462,457.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Norman A. Carlson sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $25.77, for a total transaction of $257,700.00. Following the completion of the transaction, the director now directly owns 39,779 shares in the company, valued at $1,025,104.83. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

GEO has been the topic of a number of research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 price target on shares of Geo Group Inc (The) in a research note on Monday, June 19th. BidaskClub lowered shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Geo Group Inc (The) from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, July 4th. J P Morgan Chase & Co initiated coverage on shares of 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. Finally, ValuEngine raised shares of Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Geo Group Inc (The) currently has an average rating of “Hold” and an average price target of $33.83.

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.

Dividend History for Geo Group Inc (The) (NYSE:GEO)

Receive News & Ratings for Geo Group Inc (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geo Group Inc (The) and related companies with MarketBeat.com's FREE daily email newsletter.