Geo Group Inc (The) (NYSE:GEO) dropped 7.3% during trading on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $25.68 and last traded at $26.02, with a volume of 2,515,785 shares changing hands. The stock had previously closed at $28.06.

The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.15. The firm had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $584.69 million. Geo Group Inc (The) had a net margin of 7.06% and a return on equity of 15.32%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were given a $0.47 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $1.88 annualized dividend and a dividend yield of 7.23%. Geo Group Inc (The)’s dividend payout ratio (DPR) is presently 135.25%.

GEO has been the subject of a number of research analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $33.33 target price on shares of Geo Group Inc (The) in a research report on Monday, April 10th. Zacks Investment Research downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. ValuEngine upgraded shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, J P Morgan Chase & Co initiated coverage on shares of Geo Group Inc (The) in a research report on Friday, July 14th. They issued an “overweight” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.33.

In other Geo Group Inc (The) news, VP Shayn P. March sold 22,542 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $32.96, for a total value of $742,984.32. Following the completion of the sale, the vice president now owns 36,170 shares in the company, valued at approximately $1,192,163.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard H. Glanton sold 937 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $30.47, for a total transaction of $28,550.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,666 shares of company stock valued at $866,730. Insiders own 2.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GEO. Teachers Advisors LLC increased its stake in Geo Group Inc (The) by 12.7% in the fourth quarter. Teachers Advisors LLC now owns 134,685 shares of the real estate investment trust’s stock worth $4,839,000 after buying an additional 15,216 shares during the last quarter. Spirit of America Management Corp NY raised its position in shares of Geo Group Inc (The) by 20.7% in the first quarter. Spirit of America Management Corp NY now owns 9,900 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 1,700 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Geo Group Inc (The) during the first quarter valued at approximately $223,000. Nisa Investment Advisors LLC raised its position in shares of Geo Group Inc (The) by 14.4% in the first quarter. Nisa Investment Advisors LLC now owns 41,635 shares of the real estate investment trust’s stock valued at $1,931,000 after buying an additional 5,235 shares during the period. Finally, Retirement Systems of Alabama acquired a new position in shares of Geo Group Inc (The) during the first quarter valued at approximately $4,708,000. Institutional investors own 64.43% of the company’s stock.

The company has a 50-day moving average of $30.01 and a 200 day moving average of $30.40. The firm has a market cap of $3.17 billion, a P/E ratio of 18.68 and a beta of 1.54.

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Geo Group Inc (The) Company 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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