Eagle Asset Management Inc. cut its stake in shares of The GEO Group Inc (NYSE:GEO) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,654,810 shares of the real estate investment trust’s stock after selling 21,014 shares during the period. Eagle Asset Management Inc.’s holdings in The GEO Group were worth $38,734,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEO. Advisor Group Inc. lifted its position in The GEO Group by 54.0% during 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 lifted its position in The GEO Group by 50.0% during the second quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 2,300 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in The GEO Group during the third quarter valued at $248,000. Public Employees Retirement System of Ohio lifted its position in The GEO Group by 52.3% during 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 purchasing an additional 3,036 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new position in The GEO Group during the fourth quarter valued at $265,000. Institutional investors own 95.10% of the company’s stock.
Several equities analysts recently weighed in on the company. TheStreet upgraded The GEO Group from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Zacks Investment Research downgraded The GEO Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. SunTrust Banks reiterated a “buy” rating and set a $32.00 target price on shares of The GEO Group in a research report on Wednesday, January 31st. Finally, ValuEngine downgraded The GEO Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.47.
The GEO Group Inc (GEO) opened at $20.11 on Friday. The GEO Group Inc has a 52-week low of $19.05 and a 52-week high of $34.32. The company has a market capitalization of $2,495.05, a PE ratio of 8.31, a PEG ratio of 1.70 and a beta of 1.32. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.57 and a quick ratio of 1.27.
The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The GEO Group had a return on equity of 13.95% and a net margin of 6.46%. The business had revenue of $568.98 million for the quarter, compared to the consensus estimate of $558.72 million. During the same period in the previous year, the business earned $0.41 earnings per share. The business’s revenue was up .4% on a year-over-year basis. sell-side analysts predict that The GEO Group Inc will post 1.98 EPS for the current fiscal year.
The GEO Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 14th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th will be given a $0.47 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 9.35%. The GEO Group’s payout ratio is 155.37%.
The GEO Group 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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