The GEO Group’s (GEO) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of The GEO Group (NYSE:GEO) in a research note issued to investors on Tuesday,RTT News reports. They currently have a $46.00 price target on the real estate investment trust’s stock.

A number of other research firms also recently commented on GEO. UBS Group set a $32.00 price target on The GEO Group in a research note on Wednesday, March 5th. Noble Financial raised The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Wednesday, March 5th.

The GEO Group Trading Up 3.1 %

Shares of The GEO Group stock opened at $29.04 on Tuesday. The firm has a 50-day moving average of $28.63 and a 200-day moving average of $23.50. The stock has a market cap of $4.08 billion, a PE ratio of 100.14, a PEG ratio of 2.11 and a beta of 0.91. The GEO Group has a 52-week low of $11.75 and a 52-week high of $36.46. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10.

The GEO Group (NYSE:GEO) last announced its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. As a group, sell-side analysts forecast that The GEO Group will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Discovery Capital Management LLC CT grew its holdings in shares of The GEO Group by 375.2% during the fourth quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock worth $51,469,000 after purchasing an additional 1,452,400 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of The GEO Group by 202.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust’s stock worth $59,451,000 after purchasing an additional 1,422,676 shares during the last quarter. Newbrook Capital Advisors LP bought a new stake in shares of The GEO Group during the fourth quarter worth about $35,738,000. BlueCrest Capital Management Ltd bought a new stake in shares of The GEO Group during the fourth quarter worth about $34,456,000. Finally, Hodges Capital Management Inc. grew its holdings in shares of The GEO Group by 1,501.6% during the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock worth $10,136,000 after purchasing an additional 739,550 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.