The GEO Group Inc (GEO) Receives Average Recommendation of “Hold” from Brokerages

The GEO Group Inc (NYSE:GEO) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.33.

GEO has been the topic of a number of recent analyst reports. Zacks Investment Research cut The GEO Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. ValuEngine cut The GEO Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks restated a “buy” rating and set a $32.00 price target on shares of The GEO Group in a report on Wednesday, January 31st. Finally, TheStreet upgraded The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th.

The GEO Group (GEO) opened at $21.05 on Wednesday. The GEO Group has a 12-month low of $19.42 and a 12-month high of $34.32. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $2,473.97, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend is Thursday, February 15th. The GEO Group’s dividend payout ratio (DPR) is currently 139.26%.

Large investors have recently added to or reduced their stakes in the company. MANA Advisors LLC acquired a new position in shares of The GEO Group in the fourth quarter worth approximately $433,000. Renaissance Technologies LLC acquired a new position in shares of The GEO Group in the fourth quarter worth approximately $2,065,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of The GEO Group in the fourth quarter worth approximately $197,000. AXA lifted its stake in shares of The GEO Group by 459.7% in the fourth quarter. AXA now owns 257,450 shares of the real estate investment trust’s stock worth $6,076,000 after acquiring an additional 211,450 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of The GEO Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,060,043 shares of the real estate investment trust’s stock worth $25,017,000 after acquiring an additional 12,202 shares during the period. Institutional investors own 95.10% of the company’s stock.

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The GEO Group 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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