The GEO Group (GEO) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of The GEO Group (NYSE:GEO) from a buy rating to a hold rating in a research report report published on Friday.

GEO has been the subject of a number of other reports. Zacks Investment Research cut shares of The GEO Group from a hold rating to a sell rating in a report on Thursday, November 2nd. SunTrust Banks reaffirmed a buy rating and set a $32.00 target price on shares of The GEO Group in a report on Wednesday, January 31st. Finally, TheStreet raised shares of The GEO Group from a c+ rating to a b- rating in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The GEO Group has an average rating of Hold and a consensus target price of $33.47.

Shares of The GEO Group (GEO) opened at $21.61 on Friday. The GEO Group has a twelve month low of $21.46 and a twelve month high of $34.32. The company has a market cap of $2,681.16, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.79 and a beta of 1.32. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.70%. The GEO Group’s dividend payout ratio (DPR) is presently 139.26%.

In other news, Director Christopher C. Wheeler sold 1,500 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $25.09, for a total value of $37,635.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. increased its stake in shares of The GEO Group by 54.0% in the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 1,524 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of The GEO Group by 50.0% in the second quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 2,300 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of The GEO Group in the third quarter worth $248,000. Public Employees Retirement System of Ohio increased its stake in shares of The GEO Group by 52.3% in the second quarter. Public Employees Retirement System of Ohio now owns 8,844 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,036 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of The GEO Group in the fourth quarter worth $265,000. 95.95% of the stock is owned by hedge funds and other institutional investors.

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The GEO Group Company 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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