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

Shares of Geo Group Inc (The) (NYSE:GEO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.00 and last traded at $28.8250, with a volume of 53073 shares traded. The stock had previously closed at $28.63.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GEO. JonesTrading decreased their price objective on Geo Group from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Wall Street Zen downgraded shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings upgraded shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Geo Group Price Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 14.86 and a beta of 0.87. The stock has a 50 day moving average price of $21.80 and a 200-day moving average price of $18.12.

Geo Group (NYSE:GEO) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $705.21 million for the quarter, compared to analysts’ expectations of $688.89 million. Geo Group had a net margin of 10.00% and a return on equity of 9.43%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. 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, analysts forecast that Geo Group Inc will post 1.2 earnings per share for the current year.

Hedge Funds Weigh In On Geo Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its stake in shares of Geo Group by 245.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 782 shares during the last quarter. Bessemer Group Inc. increased its position in Geo Group by 111.9% during the first 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 during the last quarter. IFP Advisors Inc purchased a new position in Geo Group during the fourth quarter worth about $30,000. Bayforest Capital Ltd acquired a new position in Geo Group in the 4th quarter valued at about $37,000. Finally, Daytona Street Capital LLC purchased a new stake in shares of Geo Group in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

About Geo Group

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.