Shares of Geo Group Inc (The) (NYSE:GEO) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $33.78.

A number of brokerages recently commented on GEO. Zacks Investment Research cut Geo Group Inc (The) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Canaccord Genuity set a $35.00 target price on Geo Group Inc (The) and gave the stock a “buy” rating in a report on Monday, August 7th. ValuEngine raised Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. J P Morgan Chase & Co began coverage on Geo Group Inc (The) in a report on Friday, July 14th. They issued an “overweight” rating and a $35.00 target price on the stock. Finally, BidaskClub cut Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th.

Geo Group Inc (NYSE GEO) opened at 26.07 on Thursday. The stock 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 stock has a market capitalization of $3.18 billion, a PE ratio of 18.28 and a beta of 1.52.

Geo Group Inc (The) (NYSE:GEO) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Zacks’ 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 company had revenue of $570.10 million during the quarter, compared to the consensus estimate of $584.69 million. During the same period in the prior year, the business posted $0.21 earnings per share. Geo Group Inc (The)’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Geo Group Inc will post $1.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Monday, October 23rd will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.21%. Geo Group Inc (The)’s dividend payout ratio is currently 131.16%.

In related news, Director Anne N. Foreman sold 17,340 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total value of $462,457.80. The sale was disclosed in a legal filing 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 on Thursday, August 17th. The stock was sold at an average price of $25.77, for a total value 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. 2.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of GEO. BlackRock Inc. increased its stake in Geo Group Inc (The) by 134,562.9% in the 1st quarter. BlackRock Inc. now owns 9,056,079 shares of the real estate investment trust’s stock worth $419,932,000 after buying an additional 9,049,354 shares in the last quarter. Vanguard Group Inc. increased its stake in Geo Group Inc (The) by 59.9% in the 2nd quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock worth $667,233,000 after buying an additional 8,454,008 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Geo Group Inc (The) by 82.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock worth $128,941,000 after buying an additional 1,975,389 shares in the last quarter. Artemis Investment Management LLP increased its stake in Geo Group Inc (The) by 96.0% in the 2nd quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after buying an additional 1,480,619 shares in the last quarter. Finally, State Street Corp increased its stake in Geo Group Inc (The) by 54.0% in the 2nd quarter. State Street Corp now owns 4,058,753 shares of the real estate investment trust’s stock worth $120,023,000 after buying an additional 1,423,388 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

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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.

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