Shares of Geo Group Inc (The) (NYSE:GEO) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $33.78.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine raised Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. BidaskClub lowered Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Canaccord Genuity set a $35.00 price objective on Geo Group Inc (The) and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a research note on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective for the company.

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In other news, 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 sale, the director now owns 39,779 shares of the company’s stock, valued at $1,025,104.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Several institutional investors have recently modified their holdings of GEO. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of Geo Group Inc (The) in the first quarter worth $125,000. Advisor Group Inc. boosted its position in shares of Geo Group Inc (The) by 54.0% in the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,524 shares during the period. Ffcm LLC boosted its position in shares of Geo Group Inc (The) by 265.8% in the second quarter. Ffcm LLC now owns 4,415 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 3,208 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Geo Group Inc (The) by 69.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,909 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in shares of Geo Group Inc (The) by 201.8% in the second quarter. Riverhead Capital Management LLC now owns 6,639 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 4,439 shares during the period. 95.09% of the stock is owned by institutional investors and hedge funds.

Geo Group Inc (NYSE:GEO) opened at $25.66 on Monday. Geo Group Inc has a 1 year low of $15.39 and a 1 year high of $34.32. The stock has a market capitalization of $3,183.65, a price-to-earnings ratio of 10.50, a PEG ratio of 2.21 and a beta of 1.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.24 and a current ratio of 1.27.

Geo Group Inc (The) (NYSE:GEO) last issued its quarterly 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 net margin of 7.05% and a return on equity of 14.85%. The firm had revenue of $570.10 million for the quarter, compared to analyst estimates of $584.69 million. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. sell-side analysts predict that Geo Group Inc will post 1.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Monday, October 23rd were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend was Friday, October 20th. Geo Group Inc (The)’s dividend payout ratio is presently 139.26%.

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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