The GEO Group Inc (NYSE:GEO) – Research analysts at SunTrust Banks issued their FY2019 EPS estimates for The GEO Group in a report released on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst T. Sommer expects that the real estate investment trust will earn $1.93 per share for the year. SunTrust Banks has a “Buy” rating and a $32.00 price target on the stock.
GEO has been the topic of a number of other reports. Zacks Investment Research lowered shares of The GEO Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. ValuEngine lowered shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, TheStreet raised The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.47.
Shares of The GEO Group (NYSE GEO) traded up $0.15 during trading hours on Friday, reaching $20.19. 1,267,615 shares of the company’s stock were exchanged, compared to its average volume of 973,994. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $2,500.00, a price-to-earnings ratio of 14.85, a PEG ratio of 1.68 and a beta of 1.32. The GEO Group has a one year low of $19.52 and a one year high of $34.32.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. boosted its holdings in The GEO Group by 54.0% in the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,524 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of The GEO Group by 50.0% in the second quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 2,300 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of The GEO Group by 52.3% in the second quarter. Public Employees Retirement System of Ohio now owns 8,844 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 3,036 shares during the period. Shelton Capital Management acquired a new stake in shares of The GEO Group in the second quarter valued at approximately $272,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of The GEO Group in the third quarter valued at approximately $248,000. 95.95% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Christopher C. Wheeler sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $25.09, for a total value of $37,635.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 16th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date is Thursday, February 15th. The GEO Group’s dividend payout ratio (DPR) is 138.24%.
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About The GEO Group
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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