Geo Group Inc (The) (GEO) Upgraded at Zacks Investment Research

Geo Group Inc (The) (NYSE:GEO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, October 17th.

According to Zacks, “The GEO Group, Inc. is an equity real estate investment trust. It specializes in the design, development, financing and operation of correctional, detention and community reentry facilities. It has operations in the United States, Australia, South Africa, and the United Kingdom. The GEO Group, Inc. is headquartered in Boca Raton, Florida. “

A number of other research firms have also commented on GEO. ValuEngine raised shares of Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. BidaskClub downgraded shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. J P Morgan Chase & Co initiated coverage on shares of Geo Group Inc (The) in a research note on Friday, July 14th. They issued an “overweight” rating and a $35.00 price target on the stock. Finally, Canaccord Genuity set a $35.00 target price on shares of Geo Group Inc (The) and gave the stock a “buy” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Geo Group Inc (The) currently has an average rating of “Hold” and a consensus target price of $33.83.

Shares of Geo Group Inc (GEO) traded up $0.31 on Tuesday, reaching $25.97. 237,411 shares of the company traded hands, compared to its average volume of 803,717. The firm has a market capitalization of $3,183.65, a PE ratio of 10.50, a price-to-earnings-growth ratio of 2.21 and a beta of 1.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.24. Geo Group Inc has a fifty-two week low of $15.39 and a fifty-two week high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.15). Geo Group Inc (The) had a net margin of 7.05% and a return on equity of 14.85%. The firm had revenue of $570.10 million during the quarter, compared to analyst estimates of $584.69 million. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. equities research analysts predict that Geo Group Inc will post 1.94 EPS for the current year.

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In other Geo Group Inc (The) news, Director Anne N. Foreman sold 17,340 shares of Geo Group Inc (The) stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total transaction of $462,457.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Norman A. Carlson sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $25.77, for a total value of $257,700.00. Following the completion of the sale, the director now owns 39,779 shares in the company, valued at $1,025,104.83. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GEO. BlackRock Inc. boosted its stake in Geo Group Inc (The) by 134,562.9% in the first quarter. BlackRock Inc. now owns 9,056,079 shares of the real estate investment trust’s stock worth $419,932,000 after buying an additional 9,049,354 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Geo Group Inc (The) by 59.9% during the second quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock valued at $667,233,000 after purchasing an additional 8,454,008 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Geo Group Inc (The) by 82.8% during the second quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock valued at $128,941,000 after purchasing an additional 1,975,389 shares during the period. Artemis Investment Management LLP lifted its stake in Geo Group Inc (The) by 96.0% in the second quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after acquiring an additional 1,480,619 shares during the period. Finally, State Street Corp lifted its stake in Geo Group Inc (The) by 54.0% in the second quarter. State Street Corp now owns 4,058,753 shares of the real estate investment trust’s stock worth $120,023,000 after acquiring an additional 1,423,388 shares during the period. 95.09% of the stock is owned by institutional investors and hedge funds.

Geo Group Inc (The) 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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