The GEO Group Inc (NYSE:GEO) CEO George C. Zoley purchased 120,240 shares of the company’s stock in a transaction on Monday, November 12th. The stock was bought at an average cost of $22.45 per share, for a total transaction of $2,699,388.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of NYSE GEO traded down $0.33 during trading on Wednesday, hitting $21.99. The company had a trading volume of 703,331 shares, compared to its average volume of 774,054. The stock has a market capitalization of $2.76 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.93 and a beta of 1.22. The GEO Group Inc has a 52 week low of $19.05 and a 52 week high of $28.06. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.85 and a current ratio of 0.85.
The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.19). The company had revenue of $583.53 million during the quarter, compared to the consensus estimate of $588.32 million. The GEO Group had a net margin of 6.43% and a return on equity of 14.63%. The GEO Group’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. On average, research analysts forecast that The GEO Group Inc will post 1.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 26th were issued a $0.47 dividend. The ex-dividend date was Thursday, October 25th. This represents a $1.88 annualized dividend and a dividend yield of 8.55%. The GEO Group’s dividend payout ratio is currently 73.73%.
Several hedge funds and other institutional investors have recently bought and sold shares of GEO. UBS Group AG increased its holdings in shares of The GEO Group by 26.2% in the first quarter. UBS Group AG now owns 108,793 shares of the real estate investment trust’s stock valued at $2,227,000 after buying an additional 22,591 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of The GEO Group by 2.7% in the first quarter. Principal Financial Group Inc. now owns 537,984 shares of the real estate investment trust’s stock valued at $11,013,000 after buying an additional 14,027 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of The GEO Group by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 72,495 shares of the real estate investment trust’s stock valued at $1,997,000 after buying an additional 2,000 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in shares of The GEO Group in the second quarter valued at $210,000. Finally, Meeder Asset Management Inc. bought a new position in shares of The GEO Group in the second quarter valued at $389,000. 90.37% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on GEO shares. ValuEngine cut The GEO Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 7th. Zacks Investment Research raised The GEO Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Monday, July 23rd.
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About The GEO Group
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust ("REIT") 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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