Geo Group (NYSE:GEO – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.
A number of other brokerages also recently weighed in on GEO. Northland Securities boosted their price target on shares of Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Finally, Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $36.50.
Check Out Our Latest Report on Geo Group
Geo Group Stock Performance
Geo Group (NYSE:GEO – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. Geo Group had a return on equity of 9.43% and a net margin of 10.00%.The business had revenue of $705.21 million for the quarter, compared to analysts’ expectations of $688.89 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. Geo Group has set its FY 2026 guidance at 1.150-1.250 EPS and its Q2 2026 guidance at 0.250-0.290 EPS. As a group, analysts anticipate that Geo Group will post 1.2 EPS for the current year.
Institutional Trading of Geo Group
Several hedge funds have recently made changes to their positions in GEO. Geneos Wealth Management Inc. grew its stake in shares of Geo Group by 245.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 782 shares during the period. Bessemer Group Inc. raised its stake in Geo Group by 111.9% in the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 910 shares during the period. IFP Advisors Inc bought a new stake in Geo Group in the 4th quarter valued at about $30,000. Bayforest Capital Ltd purchased a new stake in Geo Group during the fourth quarter valued at about $37,000. Finally, Daytona Street Capital LLC purchased a new stake in Geo Group during the fourth quarter valued at about $53,000. 76.10% of the stock is currently owned by institutional investors.
Geo Group Company Profile
The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.
GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.
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