Geo Group Inc (The) (NYSE:GEO) Downgraded to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Geo Group Inc (The) (NYSE:GEO) from a sell rating to a strong sell rating in a research note released on Saturday, August 5th.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Geo Group Inc (The) from a hold rating to a sell rating in a research note on Wednesday, May 3rd. ValuEngine raised shares of Geo Group Inc (The) from a hold rating to a buy rating in a research note on Friday, June 2nd. Canaccord Genuity reaffirmed a buy rating and issued a $33.33 price target on shares of Geo Group Inc (The) in a research note on Monday, April 10th. Finally, J P Morgan Chase & Co initiated coverage on shares of Geo Group Inc (The) in a report on Friday, July 14th. They issued an overweight rating and a $35.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $31.33.

Geo Group Inc (GEO) traded down 0.55% on Friday, reaching $25.16. 733,219 shares of the company traded hands. 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. The company has a 50-day moving average price of $28.71 and a 200-day moving average price of $30.32.

Geo Group Inc (The) (NYSE:GEO) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.15. The firm had revenue of $570.10 million for the quarter, compared to analyst estimates of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. Equities research analysts expect that Geo Group Inc will post $1.27 EPS for the current year.

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

In other Geo Group Inc (The) news, Director Richard H. Glanton sold 937 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $30.47, for a total value of $28,550.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Shayn P. March sold 22,542 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 36,170 shares in the company, 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 worth $1,586,888 in the last 90 days. 2.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in 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 in the last quarter. Advisory Services Network LLC acquired a new stake in Geo Group Inc (The) during the first quarter valued at approximately $1,753,000. Hillcrest Asset Management LLC increased its stake in 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 in the last quarter. Capital Advisors Inc. OK increased its stake in 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 in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in 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 in the last quarter. Hedge funds and other institutional investors own 66.89% of the company’s stock.

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.

Analyst Recommendations for Geo Group Inc (The) (NYSE:GEO)

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