The GEO Group (GEO) Receives Hold Rating from Wells Fargo & Co

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Wells Fargo & Co restated their hold rating on shares of The GEO Group (NYSE:GEO) in a research report sent to investors on Monday morning.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of The GEO Group from a buy rating to a hold rating in a research report on Tuesday, February 12th. ValuEngine raised shares of The GEO Group from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, JPMorgan Chase & Co. downgraded shares of The GEO Group from an overweight rating to a neutral rating and lowered their price objective for the company from $27.00 to $26.00 in a research report on Friday, February 15th.

GEO opened at $19.43 on Monday. The company has a market cap of $2.35 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 1.66 and a beta of 1.49. The GEO Group has a 1 year low of $18.43 and a 1 year high of $28.06. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.85 and a quick ratio of 0.85.

The GEO Group (NYSE:GEO) last posted its earnings results on Thursday, February 14th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.24). The business had revenue of $599.43 million for the quarter, compared to analyst estimates of $588.94 million. The GEO Group had a return on equity of 13.94% and a net margin of 6.22%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. On average, analysts expect that The GEO Group will post 1.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 15th were given a $0.48 dividend. This is an increase from The GEO Group’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, February 14th. This represents a $1.92 annualized dividend and a yield of 9.88%. The GEO Group’s dividend payout ratio (DPR) is 77.73%.

Large investors have recently modified their holdings of the business. NumerixS Investment Technologies Inc acquired a new stake in The GEO Group in the fourth quarter valued at approximately $79,000. Creative Planning acquired a new stake in The GEO Group in the third quarter valued at approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in The GEO Group by 11.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,455 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 882 shares in the last quarter. Tower Research Capital LLC TRC grew its position in The GEO Group by 58.2% in the third quarter. Tower Research Capital LLC TRC now owns 8,861 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 3,261 shares in the last quarter. Finally, Jefferies Group LLC acquired a new stake in The GEO Group in the third quarter valued at approximately $233,000. 88.06% of the stock is owned by institutional investors.

About The GEO Group

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

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