Fmr LLC lowered its position in shares of Geo Group Inc (The) (NYSE:GEO) by 70.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,500 shares of the real estate investment trust’s stock after selling 1,133,100 shares during the period. Fmr LLC owned about 0.42% of Geo Group Inc (The) worth $21,678,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of GEO. ARP Americas LLC purchased a new stake in shares of Geo Group Inc (The) during the first quarter worth $209,000. Prospera Financial Services Inc bought a new position in Geo Group Inc (The) during the first quarter valued at approximately $223,000. World Asset Management Inc bought a new position in Geo Group Inc (The) during the first quarter valued at approximately $226,000. LS Investment Advisors LLC raised its position in Geo Group Inc (The) by 76.8% in the first quarter. LS Investment Advisors LLC now owns 4,940 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 2,146 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in Geo Group Inc (The) during the first quarter valued at approximately $244,000. 62.27% of the stock is owned by institutional investors and hedge funds.
Geo Group Inc (GEO) opened at 30.63 on Monday. The stock has a 50 day moving average price of $30.88 and a 200 day moving average price of $29.41. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 21.99 and a beta of 1.55. Geo Group Inc has a 52-week low of $10.84 and a 52-week high of $34.32.
Geo Group Inc (The) (NYSE:GEO) last announced its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $550.61 million for the quarter, compared to analysts’ expectations of $550.79 million. Geo Group Inc (The) had a return on equity of 15.32% and a net margin of 7.06%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. On average, equities analysts expect that Geo Group Inc will post $1.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 21st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Wednesday, July 19th. Geo Group Inc (The)’s payout ratio is currently 135.25%.
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Several research analysts have recently commented on the company. J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a research report on Friday. They issued an “overweight” rating and a $35.00 price target for the company. Zacks Investment Research lowered Geo Group Inc (The) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Canaccord Genuity reissued a “buy” rating and issued a $50.00 price target on shares of Geo Group Inc (The) in a research report on Tuesday, May 2nd. ValuEngine raised Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.33.
In other Geo Group Inc (The) news, Director Richard H. Glanton sold 937 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $30.47, for a total value of $28,550.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shayn P. March sold 22,542 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $32.96, for a total value of $742,984.32. Following the completion of the sale, the vice president now owns 36,170 shares in the company, valued at $1,192,163.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,666 shares of company stock worth $866,730. Insiders own 2.40% of the company’s stock.
About Geo Group Inc (The)
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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