Geo Group Inc (The) (GEO) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Geo Group Inc (The) (NYSE:GEO) from a hold rating to a sell rating in a research report released on Thursday.

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 analysts have also weighed in on GEO. ValuEngine raised shares of Geo Group Inc (The) from a buy rating to a strong-buy rating in a research note on Friday, August 18th. BidaskClub lowered shares of Geo Group Inc (The) from a sell rating to a strong sell rating in a research note on Saturday, August 5th. Canaccord Genuity set a $35.00 price objective on shares of Geo Group Inc (The) and gave the stock a buy rating in a research note on Monday, August 7th. Finally, J P Morgan Chase & Co began 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 objective for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $33.83.

Geo Group Inc (NYSE:GEO) traded up $0.53 during trading hours on Thursday, reaching $26.19. 617,162 shares of the company’s stock were exchanged, compared to its average volume of 803,717. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.24 and a current ratio of 1.27. The company has a market cap of $3,183.65, a price-to-earnings ratio of 10.50, a P/E/G ratio of 2.21 and a beta of 1.52. Geo Group Inc has a 1-year low of $15.39 and a 1-year high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.15). Geo Group Inc (The) had a return on equity of 14.85% and a net margin of 7.05%. The business had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $584.69 million. During the same period last year, the company earned $0.21 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. sell-side analysts anticipate that Geo Group Inc will post 1.94 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, October 23rd were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend was Friday, October 20th. Geo Group Inc (The)’s dividend payout ratio (DPR) is presently 139.26%.

In other Geo Group Inc (The) news, Director Anne N. Foreman sold 17,340 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Norman A. Carlson sold 10,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $25.77, for a total transaction of $257,700.00. Following the sale, the director now directly owns 39,779 shares of the company’s stock, valued at $1,025,104.83. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GEO. Teachers Advisors LLC lifted its position in shares of Geo Group Inc (The) by 8.5% during the first quarter. Teachers Advisors LLC now owns 146,109 shares of the real estate investment trust’s stock valued at $6,775,000 after buying an additional 11,424 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Geo Group Inc (The) by 19.4% during the first quarter. Geode Capital Management LLC now owns 635,015 shares of the real estate investment trust’s stock valued at $29,444,000 after buying an additional 102,997 shares during the last quarter. Morgan Stanley lifted its position in shares of Geo Group Inc (The) by 40.5% during the first quarter. Morgan Stanley now owns 594,191 shares of the real estate investment trust’s stock valued at $27,553,000 after buying an additional 171,221 shares during the last quarter. KCG Holdings Inc. purchased a new stake in shares of Geo Group Inc (The) during the first quarter valued at about $201,000. Finally, Amalgamated Bank lifted its position in shares of Geo Group Inc (The) by 4.9% during the first quarter. Amalgamated Bank now owns 10,494 shares of the real estate investment trust’s stock valued at $487,000 after buying an additional 490 shares during the last quarter. 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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