Canada Pension Plan Investment Board grew its position in shares of Geo Group Inc (The) (NYSE:GEO) by 563.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,575 shares of the real estate investment trust’s stock after buying an additional 67,575 shares during the period. Canada Pension Plan Investment Board owned about 0.07% of Geo Group Inc (The) worth $2,141,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GEO. Vanguard Group Inc. lifted its holdings in Geo Group Inc (The) by 59.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock worth $667,233,000 after buying an additional 8,454,008 shares during the last quarter. BlackRock Inc. lifted its holdings in Geo Group Inc (The) by 51.3% during the 2nd quarter. BlackRock Inc. now owns 13,705,096 shares of the real estate investment trust’s stock worth $405,261,000 after buying an additional 4,649,017 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Geo Group Inc (The) by 82.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock worth $128,941,000 after buying an additional 1,975,389 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in Geo Group Inc (The) by 96.0% during the 2nd quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after buying an additional 1,480,619 shares during the last quarter. Finally, State Street Corp lifted its holdings in Geo Group Inc (The) by 54.0% during the 2nd quarter. State Street Corp now owns 4,058,753 shares of the real estate investment trust’s stock worth $120,023,000 after buying an additional 1,423,388 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors.

GEO has been the topic of a number of research analyst reports. BidaskClub downgraded Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. ValuEngine downgraded Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Canaccord Genuity set a $35.00 target price on Geo Group Inc (The) and gave the stock a “buy” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.83.

In related news, Director Christopher C. Wheeler sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $25.09, for a total value of $37,635.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

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Shares of Geo Group Inc (NYSE:GEO) opened at $25.71 on Friday. The stock has a market capitalization of $3,200.00, a P/E ratio of 10.26, a P/E/G ratio of 2.16 and a beta of 1.50. Geo Group Inc has a 1-year low of $19.94 and a 1-year high of $34.32. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27.

The business also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, October 23rd were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend was Friday, October 20th. Geo Group Inc (The)’s dividend payout ratio (DPR) is 138.24%.

Geo Group Inc (The) 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.

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

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