Aperio Group LLC raised its position in Geo Group Inc (The) (NYSE:GEO) by 103.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,203 shares of the real estate investment trust’s stock after buying an additional 23,525 shares during the period. Aperio Group LLC’s holdings in Geo Group Inc (The) were worth $1,366,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Capital Impact Advisors LLC increased its position in shares of Geo Group Inc (The) by 8.5% in the second quarter. Capital Impact Advisors LLC now owns 40,213 shares of the real estate investment trust’s stock worth $1,189,000 after buying an additional 3,134 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Geo Group Inc (The) by 56.8% in the second quarter. Louisiana State Employees Retirement System now owns 32,450 shares of the real estate investment trust’s stock worth $960,000 after buying an additional 11,750 shares during the period. Spirit of America Management Corp NY increased its position in shares of Geo Group Inc (The) by 50.0% in the second quarter. Spirit of America Management Corp NY now owns 14,850 shares of the real estate investment trust’s stock worth $439,000 after buying an additional 4,950 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Geo Group Inc (The) by 43.0% in the second quarter. Nisa Investment Advisors LLC now owns 59,533 shares of the real estate investment trust’s stock worth $1,765,000 after buying an additional 17,898 shares during the period. Finally, LS Investment Advisors LLC increased its position in shares of Geo Group Inc (The) by 99.7% in the second quarter. LS Investment Advisors LLC now owns 9,864 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 4,924 shares during the period. 64.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Geo Group Inc (NYSE:GEO) traded up 2.28% during midday trading on Friday, hitting $26.86. The stock had a trading volume of 1,219,113 shares. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 18.84 and a beta of 1.54. The stock’s 50-day moving average price is $29.23 and its 200 day moving average price is $30.37. Geo Group Inc has a 52 week low of $10.84 and a 52 week high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $570.10 million for the quarter, compared to analysts’ expectations of $584.69 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Geo Group Inc will post $1.31 earnings per share for the current year.

The business 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. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.88 annualized dividend and a dividend yield of 7.00%. Geo Group Inc (The)’s payout ratio is currently 131.16%.

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A number of brokerages have weighed in on GEO. Zacks Investment Research downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday. Canaccord Genuity set a $35.00 price target on Geo Group Inc (The) and gave the stock a “buy” rating in a research report on Monday, August 7th. BidaskClub cut Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a report on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective for the company. Finally, ValuEngine upgraded Geo Group Inc (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Geo Group Inc (The) currently has an average rating of “Hold” and an average target price of $31.33.

In related news, Director Richard H. Glanton sold 937 shares of Geo Group Inc (The) stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $30.47, for a total value of $28,550.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne N. Foreman sold 17,340 shares of Geo Group Inc (The) stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total transaction of $462,457.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,006 shares of company stock valued at $1,329,188. 2.40% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

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