Daiwa Securities Group Inc. raised its position in Geo Group Inc (The) (NYSE:GEO) by 82.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,360,526 shares of the real estate investment trust’s stock after buying an additional 1,975,389 shares during the period. Daiwa Securities Group Inc. owned approximately 3.57% of Geo Group Inc (The) worth $128,941,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of GEO. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Geo Group Inc (The) by 9.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,711 shares of the real estate investment trust’s stock valued at $589,000 after buying an additional 1,130 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Geo Group Inc (The) during the first quarter valued at $1,753,000. Hillcrest Asset Management LLC boosted its position in shares of Geo Group Inc (The) by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 227,216 shares of the real estate investment trust’s stock valued at $10,536,000 after buying an additional 16,664 shares in the last quarter. Capital Advisors Inc. OK boosted its position in shares of Geo Group Inc (The) by 2.3% in the first quarter. Capital Advisors Inc. OK now owns 187,117 shares of the real estate investment trust’s stock valued at $8,677,000 after buying an additional 4,243 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Geo Group Inc (The) by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 1,574,694 shares of the real estate investment trust’s stock valued at $73,019,000 after buying an additional 90,434 shares in the last quarter. 66.89% of the stock is owned by institutional investors and hedge funds.
Geo Group Inc (NYSE GEO) traded up 0.41% during midday trading on Tuesday, hitting $27.20. The stock had a trading volume of 1,072,045 shares. The stock has a market cap of $3.32 billion, a P/E ratio of 19.07 and a beta of 1.54. Geo Group Inc has a 52 week low of $10.84 and a 52 week high of $34.32. The company has a 50-day moving average price of $29.05 and a 200-day moving average price of $30.40.
Geo Group Inc (The) (NYSE:GEO) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.15. The business had revenue of $570.10 million during the quarter, compared to the consensus estimate of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Equities analysts expect that Geo Group Inc will post $1.27 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were paid a $0.47 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $1.88 dividend on an annualized basis and a yield of 6.91%. Geo Group Inc (The)’s dividend payout ratio (DPR) is presently 131.16%.
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Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. BidaskClub cut shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Canaccord Genuity set a $35.00 target price on shares of Geo Group Inc (The) and gave the company a “buy” rating in a research note on Monday, August 7th. J P Morgan Chase & Co began coverage on shares of Geo Group Inc (The) in a research note on Friday, July 14th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, ValuEngine raised shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $31.33.
In other news, Director Richard H. Glanton sold 937 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $30.47, for a total transaction of $28,550.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne N. Foreman sold 17,340 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total value of $462,457.80. The disclosure for this sale can be found here. Insiders sold a total of 44,006 shares of company stock valued at $1,329,188 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.
About Geo Group Inc (The)
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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