Geo Group Inc (The) (GEO) Position Lowered by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in shares of Geo Group Inc (The) (NYSE:GEO) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,808 shares of the real estate investment trust’s stock after selling 103 shares during the period. Public Employees Retirement System of Ohio’s holdings in Geo Group Inc (The) were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Geo Group Inc (The) by 9.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,711 shares of the real estate investment trust’s stock valued at $589,000 after buying an additional 1,130 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Geo Group Inc (The) during the first quarter valued at approximately $1,753,000. Hillcrest Asset Management LLC increased its position in shares of Geo Group Inc (The) by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 227,216 shares of the real estate investment trust’s stock valued at $10,536,000 after buying an additional 16,664 shares during the last quarter. Capital Advisors Inc. OK increased its position in shares of Geo Group Inc (The) by 2.3% in the first quarter. Capital Advisors Inc. OK now owns 187,117 shares of the real estate investment trust’s stock valued at $8,677,000 after buying an additional 4,243 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Geo Group Inc (The) by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 1,574,694 shares of the real estate investment trust’s stock valued at $73,019,000 after buying an additional 90,434 shares during the last quarter. 66.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Geo Group Inc (NYSE GEO) opened at 25.16 on Friday. The stock’s 50 day moving average is $28.71 and its 200-day moving average is $30.32. The company has a market capitalization of $3.07 billion, a P/E ratio of 17.64 and a beta of 1.54. Geo Group Inc has a 12-month low of $12.89 and a 12-month 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.15. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The business had revenue of $570.10 million for the quarter, compared to the consensus estimate of $584.69 million. During the same quarter last year, the business earned $0.21 EPS. Geo Group Inc (The)’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts anticipate that Geo Group Inc will post $1.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.88 annualized dividend and a yield of 7.47%. Geo Group Inc (The)’s dividend payout ratio (DPR) is currently 131.16%.

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A number of analysts have recently issued reports on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price objective on shares of Geo Group Inc (The) in a report on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. BidaskClub downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. ValuEngine raised shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, J P Morgan Chase & Co assumed coverage on shares of Geo Group Inc (The) in a report on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.33.

In other Geo Group Inc (The) news, Director Norman A. Carlson sold 10,000 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $25.77, for a total transaction of $257,700.00. Following the completion of the transaction, the director now owns 39,779 shares in the company, valued at $1,025,104.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shayn P. March sold 22,542 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $32.96, for a total transaction of $742,984.32. Following the transaction, the vice president now owns 36,170 shares of the company’s stock, valued at approximately $1,192,163.20. The disclosure for this sale can be found here. Insiders have sold 54,006 shares of company stock valued at $1,586,888 in the last quarter. 2.40% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

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