Geo Group Inc. (NYSE:GEO)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a $28.00 price objective on the real estate investment trust’s stock. Canaccord Genuity’s price objective points to a potential upside of 16.23% from the company’s current price.
Several other equities research analysts have also recently issued reports on GEO. SunTrust Banks Inc. decreased their price target on shares of Geo Group from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, September 1st. TheStreet cut shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Finally, Zacks Investment Research cut shares of Geo Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 10th.
Geo Group (NYSE:GEO) opened at 24.09 on Friday. The company has a 50 day moving average of $23.39 and a 200-day moving average of $30.82. The firm has a market cap of $1.78 billion, a PE ratio of 12.96 and a beta of 0.84. Geo Group has a one year low of $16.26 and a one year high of $35.14.
Geo Group (NYSE:GEO) last issued its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The firm had revenue of $548.35 million for the quarter, compared to analysts’ expectations of $547.23 million. Geo Group had a net margin of 6.80% and a return on equity of 14.20%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. On average, equities research analysts predict that Geo Group will post $2.89 earnings per share for the current year.
In related news, SVP Ann M. Schlarb acquired 1,500 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were acquired at an average cost of $19.51 per share, for a total transaction of $29,265.00. Following the acquisition, the senior vice president now directly owns 11,464 shares in the company, valued at approximately $223,662.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Japan Co. Ltd raised its position in shares of Geo Group by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 3,907 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 14 shares during the last quarter. Capital Analysts LLC raised its position in shares of Geo Group by 395.6% in the second quarter. Capital Analysts LLC now owns 4,470 shares of the real estate investment trust’s stock valued at $668,000 after buying an additional 3,568 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of Geo Group by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,570 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 15 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of Geo Group during the second quarter valued at $157,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Geo Group by 12.3% in the second quarter. Public Employees Retirement System of Ohio now owns 5,168 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 567 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.
Geo Group 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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