Shares of The GEO Group Inc (NYSE:GEO) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $33.33.
Several research firms have commented on GEO. Zacks Investment Research raised shares of The GEO Group from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Finally, SunTrust Banks reissued a “buy” rating and issued a $32.00 target price on shares of The GEO Group in a research report on Wednesday, January 31st.
The GEO Group (GEO) traded up $0.13 during trading on Wednesday, reaching $20.11. 969,034 shares of the company’s stock traded hands, compared to its average volume of 1,133,247. The company has a current ratio of 1.57, a quick ratio of 1.27 and a debt-to-equity ratio of 2.13. The firm has a market cap of $2,478.93, a price-to-earnings ratio of 16.62, a PEG ratio of 1.68 and a beta of 1.32. The GEO Group has a 1 year low of $19.05 and a 1 year high of $34.32.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.35%. The ex-dividend date of this dividend is Thursday, February 15th. The GEO Group’s dividend payout ratio is 155.37%.
The GEO Group announced that its board has approved a stock buyback program on Wednesday, February 14th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
Several hedge funds and other institutional investors have recently bought and sold shares of GEO. Advisor Group Inc. boosted its holdings in shares of The GEO Group by 115.1% during the 4th quarter. Advisor Group Inc. now owns 4,869 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,605 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in shares of The GEO Group during the 4th quarter worth $197,000. Toronto Dominion Bank boosted its holdings in shares of The GEO Group by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 2,300 shares during the period. Verition Fund Management LLC bought a new stake in shares of The GEO Group during the 4th quarter worth $228,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of The GEO Group during the 3rd quarter worth $248,000. 95.10% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Brokerages Set The GEO Group Inc (GEO) Target Price at $33.33” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.com-unik.info/2018/02/17/brokerages-set-the-geo-group-inc-geo-target-price-at-33-33.html.
The 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.
Receive News & Ratings for The GEO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GEO Group and related companies with MarketBeat.com's FREE daily email newsletter.