Geo Group Inc. (NYSE:GEO) shares traded down 3.2% during trading on Monday . The company traded as low as $20.18 and last traded at $21.20, with a volume of 3,470,387 shares trading hands. The stock had previously closed at $21.91.

A number of research analysts recently commented on the company. Zacks Investment Research raised Geo Group from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, May 4th. Canaccord Genuity reissued a “hold” rating on shares of Geo Group in a report on Monday, June 13th. Finally, TheStreet downgraded Geo Group from a “buy” rating to a “hold” rating in a report on Thursday, August 18th.

The stock has a market cap of $1.57 billion and a PE ratio of 11.43. The stock’s 50 day moving average is $31.21 and its 200 day moving average is $31.98.

Geo Group (NYSE:GEO) last announced its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $548.35 million for the quarter, compared to analysts’ expectations of $547.23 million. During the same quarter in the prior year, the business posted $0.63 earnings per share. Geo Group’s revenue was up 23.0% on a year-over-year basis. On average, equities analysts expect that Geo Group Inc. will post $2.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 1st were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $2.60 annualized dividend and a dividend yield of 12.24%.

An institutional investor recently raised its position in Geo Group stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Geo Group Inc. (NYSE:GEO) by 102.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,725 shares of the real estate investment trust’s stock after buying an additional 19,125 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Geo Group worth $1,091,000 at the end of the most recent reporting period.

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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