Today: Today: Geo Group Inc. (GEO) Rating Reiterate by Wells Fargo & Co.

Today: Geo Group Inc. (GEO) Rating Reiterate by Wells Fargo & Co.

Wells Fargo & Co. reaffirmed their hold rating on shares of Geo Group Inc. (NYSE:GEO) in a report published on Tuesday.

Several other equities research analysts have also recently issued reports on GEO. Zacks Investment Research raised shares of Geo Group from a strong sell rating to a hold rating in a research report on Tuesday, November 1st. Canaccord Genuity lifted their price objective on shares of Geo Group from $29.00 to $35.00 and gave the stock a buy rating in a research report on Friday, November 11th. TheStreet cut shares of Geo Group from a buy rating to a hold rating in a research report on Thursday, August 18th. Finally, SunTrust Banks Inc. decreased their price objective on shares of Geo Group from $38.00 to $32.00 and set a buy rating for the company in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $31.33.

Shares of Geo Group (NYSE:GEO) opened at 32.89 on Tuesday. The firm has a market capitalization of $2.44 billion, a P/E ratio of 17.05 and a beta of 1.03. Geo Group has a 12 month low of $16.26 and a 12 month high of $35.14. The firm’s 50-day moving average price is $26.17 and its 200 day moving average price is $28.87.

Geo Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.16. Geo Group had a net margin of 6.78% and a return on equity of 14.70%. The business earned $554.40 million during the quarter, compared to analysts’ expectations of $567.16 million. During the same period in the prior year, the business earned $0.90 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. Analysts anticipate that Geo Group will post $2.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, October 31st were given a $0.65 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $2.60 dividend on an annualized basis and a yield of 7.91%. Geo Group’s dividend payout ratio (DPR) is presently 134.72%.

In related news, SVP Ann M. Schlarb purchased 1,500 shares of Geo Group stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average cost of $19.51 per share, with a total value of $29,265.00. Following the completion of the transaction, the senior vice president now directly owns 11,464 shares in the company, valued at $223,662.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. boosted its stake in shares of Geo Group by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,570 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 15 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Geo Group by 0.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,981 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 85 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Geo Group by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 32,800 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Geo Group by 0.5% in the third quarter. Capstone Asset Management Co. now owns 22,143 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 119 shares during the period. Finally, Baker Ellis Asset Management LLC boosted its stake in shares of Geo Group by 1.2% in the second quarter. Baker Ellis Asset Management LLC now owns 10,230 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 125 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

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