The GEO Group Inc (NYSE:GEO) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $34.00.
A number of brokerages have weighed in on GEO. TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. ValuEngine cut shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, SunTrust Banks reissued a “buy” rating and set a $32.00 target price on shares of The GEO Group in a report on Wednesday, January 31st.
Shares of The GEO Group (NYSE:GEO) traded down $0.30 during trading hours on Friday, hitting $21.85. 140,931 shares of the company’s stock were exchanged, compared to its average volume of 1,028,171. The firm has a market capitalization of $2,710.00, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.92 and a beta of 1.30. The GEO Group has a 52 week low of $19.05 and a 52 week high of $34.32. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.13.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 8.60%. The GEO Group’s dividend payout ratio is currently 145.74%.
The GEO Group declared that its board has approved a stock repurchase program on Wednesday, February 14th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in GEO. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of The GEO Group by 19.4% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,134,482 shares of the real estate investment trust’s stock worth $218,818,000 after acquiring an additional 1,322,774 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of The GEO Group during the fourth quarter worth about $27,629,000. Russell Investments Group Ltd. grew its position in shares of The GEO Group by 36.3% during the third quarter. Russell Investments Group Ltd. now owns 2,943,765 shares of the real estate investment trust’s stock worth $79,188,000 after acquiring an additional 783,974 shares during the last quarter. River Road Asset Management LLC grew its position in shares of The GEO Group by 59.9% during the fourth quarter. River Road Asset Management LLC now owns 1,927,563 shares of the real estate investment trust’s stock worth $45,490,000 after acquiring an additional 721,954 shares during the last quarter. Finally, Ascend Capital LLC bought a new position in shares of The GEO Group during the fourth quarter worth about $13,004,000. Institutional investors and hedge funds own 94.36% of the company’s stock.
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.
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