Geo Group (NYSE:GEO) Hits New 52-Week High – Here’s Why

Shares of Geo Group Inc (The) (NYSE:GEO) hit a new 52-week high during trading on Monday . The stock traded as high as $30.59 and last traded at $30.1310, with a volume of 3517 shares. The stock had previously closed at $30.36.

Analysts Set New Price Targets

Several research firms have recently weighed in on GEO. Northland Securities upped their price target on shares of Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Friday. JonesTrading dropped their price objective on shares of Geo Group from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Geo Group from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.50.

Geo Group Stock Up 0.6%

The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 15.05 and a beta of 0.87. The stock’s fifty day moving average price is $24.13 and its 200-day moving average price is $19.03.

Geo Group (NYSE:GEO) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $705.21 million for the quarter, compared to analyst estimates of $688.89 million. Geo Group had a net margin of 10.00% and a return on equity of 9.43%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Geo Group has set its FY 2026 guidance at 1.150-1.250 EPS and its Q2 2026 guidance at 0.250-0.290 EPS. On average, sell-side analysts predict that Geo Group Inc will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Geo Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its stake in Geo Group by 245.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 782 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Geo Group by 111.9% during the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 910 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Geo Group in the 4th quarter valued at approximately $30,000. NewEdge Advisors LLC boosted its holdings in shares of Geo Group by 81.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 839 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Geo Group in the fourth quarter valued at $37,000. Institutional investors own 76.10% of the company’s stock.

Geo Group Company Profile

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.