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

Geo Group Inc (The) (NYSE:GEO) hit a new 52-week high during trading on Monday . The company 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.

Wall Street Analysts Forecast Growth

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

Geo Group Trading Down 1.0%

The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 15.34 and a beta of 0.86. 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 business has a 50-day moving average of $23.68 and a 200-day moving average of $18.85.

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

Institutional Trading of Geo Group

A number of institutional investors have recently added to or reduced their stakes in the business. Militia Capital Management LLC bought a new stake in Geo Group in the first quarter worth approximately $3,634,000. Glenmede Trust Co. NA lifted its holdings in Geo Group by 113.2% in the 1st quarter. Glenmede Trust Co. NA now owns 25,351 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 13,459 shares during the last quarter. Bank of America Corp DE lifted its holdings in Geo Group by 109.4% in the 1st quarter. Bank of America Corp DE now owns 346,779 shares of the real estate investment trust’s stock worth $5,829,000 after purchasing an additional 181,140 shares during the last quarter. Rubric Capital Management LP boosted its holdings in shares of Geo Group by 7.3% during the 1st quarter. Rubric Capital Management LP now owns 3,743,180 shares of the real estate investment trust’s stock worth $62,923,000 after buying an additional 256,265 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Geo Group by 304.5% during the 1st quarter. Quantinno Capital Management LP now owns 176,266 shares of the real estate investment trust’s stock worth $2,963,000 after buying an additional 132,690 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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.