The GEO Group (NYSE:GEO) Upgraded at Noble Financial

Noble Financial upgraded shares of The GEO Group (NYSE:GEO) from a market perform rating to an outperform rating in a research note published on Wednesday morning, Marketbeat Ratings reports. They currently have $32.00 target price on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Northland Securities boosted their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Trading Down 1.0 %

Shares of The GEO Group stock opened at $25.65 on Wednesday. The stock has a fifty day simple moving average of $29.29 and a 200 day simple moving average of $22.63. The GEO Group has a 12-month low of $11.75 and a 12-month high of $36.46. The company has a market capitalization of $3.60 billion, a P/E ratio of 88.46, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

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

Institutional Trading of The GEO Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. raised its stake in shares of The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 720 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of The GEO Group by 149.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 915 shares during the period. Creative Planning increased its position in shares of The GEO Group by 9.0% during the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 919 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of The GEO Group during the 4th quarter valued at about $29,000. Finally, Tyler Stone Wealth Management increased its position in shares of The GEO Group by 8.4% during the 4th quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 1,030 shares during the last quarter. 76.10% of the stock is currently owned by 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.