The GEO Group (NYSE:GEO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm currently has a $26.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price target suggests a potential upside of 11.35% from the stock’s current price.

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. “

Several other analysts have also recently weighed in on the stock. ValuEngine upgraded shares of The GEO Group from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Wells Fargo & Co set a $25.00 price objective on shares of The GEO Group and gave the company a “hold” rating in a research report on Wednesday, November 28th.

The GEO Group stock opened at $23.35 on Monday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $2.88 billion, a PE ratio of 9.16, a P/E/G ratio of 1.90 and a beta of 1.45. The GEO Group has a fifty-two week low of $18.43 and a fifty-two week high of $28.06.

In other The GEO Group news, CEO George C. Zoley bought 50,000 shares of The GEO Group stock in a transaction that occurred on Wednesday, November 21st. The shares were bought at an average price of $22.33 per share, with a total value of $1,116,500.00. Following the acquisition, the chief executive officer now owns 1,750,000 shares in the company, valued at $39,077,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 36.50% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in GEO. Capital Growth Management LP bought a new position in shares of The GEO Group during the 3rd quarter valued at $38,998,000. Deprince Race & Zollo Inc. bought a new position in shares of The GEO Group during the 3rd quarter valued at $29,240,000. Oregon Public Employees Retirement Fund grew its holdings in shares of The GEO Group by 1,851.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 949,816 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 901,137 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of The GEO Group by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,710,553 shares of the real estate investment trust’s stock valued at $93,358,000 after purchasing an additional 735,209 shares during the last quarter. Finally, WINTON GROUP Ltd grew its holdings in shares of The GEO Group by 1,204.0% during the 4th quarter. WINTON GROUP Ltd now owns 610,019 shares of the real estate investment trust’s stock valued at $12,017,000 after purchasing an additional 563,239 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

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