Teachers Insurance & Annuity Association of America increased its position in The GEO Group Inc (NYSE:GEO) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,715 shares of the real estate investment trust’s stock after acquiring an additional 13,162 shares during the quarter. Teachers Insurance & Annuity Association of America owned about 0.11% of The GEO Group worth $3,179,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in The GEO Group by 115.1% in the 4th quarter. Advisor Group Inc. now owns 4,869 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 2,605 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in The GEO Group in the 4th quarter worth approximately $197,000. Public Employees Retirement System of Ohio increased its holdings in The GEO Group by 52.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,844 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 3,036 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in The GEO Group in the 3rd quarter worth approximately $248,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in The GEO Group in the 4th quarter worth approximately $265,000. 94.36% of the stock is owned by institutional investors.
Shares of The GEO Group Inc (NYSE:GEO) opened at $22.09 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.13. The GEO Group Inc has a fifty-two week low of $19.05 and a fifty-two week high of $34.32. The stock has a market cap of $2,741.14, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date of this dividend was Thursday, February 15th. The GEO Group’s dividend payout ratio (DPR) is currently 155.37%.
The GEO Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 14th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of The GEO Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. SunTrust Banks reaffirmed a “buy” rating and set a $32.00 price objective on shares of The GEO Group in a report on Wednesday, January 31st. Finally, ValuEngine lowered shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.00.
About The GEO Group
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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