The GEO Group (NYSE:GEO) PT Lowered to $20.00

The GEO Group (NYSE:GEO) had its price objective reduced by research analysts at Wedbush from $22.00 to $20.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s price target points to a potential upside of 46.84% from the stock’s previous close.

The GEO Group Stock Performance

NYSE:GEO opened at $13.62 on Wednesday. The stock has a fifty day moving average price of $14.05 and a 200-day moving average price of $11.79. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.21. The GEO Group has a fifty-two week low of $6.94 and a fifty-two week high of $16.31. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.45 and a beta of 0.59.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. The company had revenue of $605.67 million during the quarter, compared to analyst estimates of $603.84 million. During the same period in the previous year, the company posted $0.22 EPS. As a group, equities analysts anticipate that The GEO Group will post 1.01 EPS for the current fiscal year.

Insider Transactions at The GEO Group

In related news, CFO Shayn P. March sold 2,500 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $15.00, for a total transaction of $37,500.00. Following the completion of the sale, the chief financial officer now directly owns 67,830 shares of the company’s stock, valued at $1,017,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On The GEO Group

Institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. grew its holdings in The GEO Group by 399.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 3,081 shares in the last quarter. GAMMA Investing LLC purchased a new position in The GEO Group during the fourth quarter valued at approximately $48,000. Tidemark LLC bought a new stake in The GEO Group during the 4th quarter worth approximately $71,000. Byrne Asset Management LLC lifted its stake in The GEO Group by 47.8% in the 4th quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in The GEO Group in the 4th quarter worth approximately $114,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

About The GEO Group

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.