Canaccord Genuity Analysts Give Geo Group Inc (The) (NYSE:GEO) a $35.00 Price Target
Canaccord Genuity set a $35.00 price target on Geo Group Inc (The) (NYSE:GEO) in a report released on Monday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.
GEO has been the subject of a number of other reports. Zacks Investment Research raised Geo Group Inc (The) from a hold rating to a strong-buy rating and set a $34.00 price target for the company in a research note on Tuesday, July 4th. BidaskClub downgraded Geo Group Inc (The) from a hold rating to a sell rating in a research note on Tuesday, June 20th. J P Morgan Chase & Co began coverage on Geo Group Inc (The) in a research note on Friday, July 14th. They set an overweight rating and a $35.00 price target for the company. Finally, ValuEngine raised Geo Group Inc (The) from a hold rating to a buy rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $31.33.
Shares of Geo Group Inc (GEO) traded up 0.273% during mid-day trading on Monday, hitting $26.091. The stock had a trading volume of 457,208 shares. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 18.730 and a beta of 1.54. The company has a 50-day moving average of $30.01 and a 200 day moving average of $30.40. Geo Group Inc has a one year low of $10.84 and a one year high of $34.32.
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 the consensus estimate of $0.47 by $0.15. The business had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $584.69 million. Geo Group Inc (The) had a return on equity of 15.32% and a net margin of 7.06%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. On average, equities research analysts forecast that Geo Group Inc will post $1.31 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date of this dividend was Wednesday, July 19th. Geo Group Inc (The)’s dividend payout ratio (DPR) is presently 135.25%.
In other news, Director Richard H. Glanton sold 3,187 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $29.87, for a total transaction of $95,195.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shayn P. March sold 22,542 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $32.96, for a total value of $742,984.32. Following the sale, the vice president now directly owns 36,170 shares of the company’s stock, valued at $1,192,163.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,666 shares of company stock valued at $866,730 over the last ninety days. Company insiders own 2.40% of the company’s stock.
Large investors have recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in shares of Geo Group Inc (The) during the first quarter worth $125,000. Meeder Asset Management Inc. bought a new position in shares of Geo Group Inc (The) during the first quarter worth $196,000. Bank of Montreal Can bought a new position in shares of Geo Group Inc (The) during the second quarter worth $199,000. KCG Holdings Inc. bought a new position in shares of Geo Group Inc (The) during the first quarter worth $201,000. Finally, ARP Americas LLC bought a new position in shares of Geo Group Inc (The) during the first quarter worth $209,000. 64.43% of the stock is owned by institutional investors.
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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