Shares of Geo Group Inc. (NYSE:GEO) have been assigned an average broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. Geo Group’s rating score has improved by 16.5% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a 12 month consensus price target of $35.00 for the company and are expecting that the company will post $0.75 EPS for the current quarter, according to Zacks. Zacks has also assigned Geo Group an industry rank of 97 out of 265 based on the ratings given to its competitors.
GEO has been the subject of several recent research reports. Zacks Investment Research lowered Geo Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 10th. Canaccord Genuity reissued a “buy” rating and set a $38.00 price objective on shares of Geo Group in a research report on Thursday, August 11th. SunTrust Banks Inc. lowered their price objective on Geo Group from $38.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, September 1st. Finally, TheStreet lowered Geo Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th.
In related news, SVP Ann M. Schlarb purchased 1,500 shares of Geo Group stock in a transaction dated Thursday, September 1st. The stock was purchased at an average cost of $19.51 per share, for a total transaction of $29,265.00. Following the completion of the acquisition, the senior vice president now directly owns 11,464 shares of the company’s stock, valued at $223,662.64. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Geo Group by 4.6% in the second quarter. Vanguard Group Inc. now owns 12,708,613 shares of the real estate investment trust’s stock valued at $434,380,000 after buying an additional 555,282 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Geo Group by 3.5% in the second quarter. BlackRock Fund Advisors now owns 5,273,962 shares of the real estate investment trust’s stock valued at $180,264,000 after buying an additional 179,903 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Geo Group by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,174,487 shares of the real estate investment trust’s stock valued at $74,324,000 after buying an additional 22,096 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Geo Group by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,639,202 shares of the real estate investment trust’s stock valued at $56,028,000 after buying an additional 71,522 shares during the last quarter. Finally, State Street Corp increased its position in shares of Geo Group by 2.8% in the first quarter. State Street Corp now owns 1,530,494 shares of the real estate investment trust’s stock valued at $53,061,000 after buying an additional 42,068 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.
Geo Group (NYSE:GEO) opened at 23.78 on Tuesday. The company has a 50 day moving average of $23.62 and a 200-day moving average of $30.87. Geo Group has a one year low of $16.26 and a one year high of $35.14. The stock has a market capitalization of $1.76 billion, a P/E ratio of 12.79 and a beta of 0.97.
Geo Group (NYSE:GEO) last announced its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Geo Group had a return on equity of 14.20% and a net margin of 6.80%. The company earned $548.35 million during the quarter, compared to analyst estimates of $547.23 million. During the same quarter last year, the firm posted $0.63 earnings per share. The firm’s revenue was up 23.0% on a year-over-year basis. Equities research analysts predict that Geo Group will post $2.89 earnings per share for the current fiscal year.
About Geo Group
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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