Geo Group Inc (The) (NYSE:GEO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “The GEO Group, Inc. is an equity real estate investment trust. It specializes in the design, development, financing and operation of correctional, detention and community reentry facilities. It has operations in the United States, Australia, South Africa, and the United Kingdom. The GEO Group, Inc. is headquartered in Boca Raton, Florida. “

A number of other analysts have also recently commented on the company. Canaccord Genuity set a $35.00 target price on Geo Group Inc (The) and gave the stock a “buy” rating in a research report on Monday. BidaskClub cut Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday. J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a research report on Friday, July 14th. They set an “overweight” rating and a $35.00 target price on the stock. Finally, ValuEngine upgraded Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.33.

Shares of Geo Group Inc (NYSE:GEO) traded down 1.33% on Wednesday, hitting $26.66. The stock had a trading volume of 1,110,532 shares. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 19.14 and a beta of 1.54. The stock has a 50 day moving average price of $29.76 and a 200-day moving average price of $30.36. Geo Group Inc has a 12-month low of $10.84 and a 12-month high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.15. Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The firm had revenue of $570.10 million for the quarter, compared to analyst estimates of $584.69 million. During the same quarter last year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts expect that Geo Group Inc will post $1.31 earnings per share for the current year.

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In related news, VP Shayn P. March sold 22,542 shares of the business’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 transaction, the vice president now owns 36,170 shares in the company, valued at approximately $1,192,163.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard H. Glanton sold 3,187 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $29.87, for a total value of $95,195.69. The disclosure for this sale can be found here. Insiders sold a total of 26,666 shares of company stock worth $866,730 in the last 90 days. 2.40% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. 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 during the period. Advisory Services Network LLC bought a new position in shares of Geo Group Inc (The) during the first quarter valued at about $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 during the period. 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 during the period. 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 during the period. Hedge funds and other institutional investors own 64.43% of the company’s stock.

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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