ARP Americas LP reduced its position in shares of The GEO Group Inc (NYSE:GEO) by 18.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,000 shares of the real estate investment trust’s stock after selling 7,700 shares during the quarter. ARP Americas LP’s holdings in The GEO Group were worth $830,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of GEO. Segall Bryant & Hamill LLC acquired a new position in The GEO Group during the 2nd quarter worth approximately $35,778,000. Deprince Race & Zollo Inc. acquired a new position in The GEO Group during the 3rd quarter worth approximately $29,240,000. Standard Life Aberdeen plc acquired a new position in The GEO Group during the 2nd quarter worth approximately $19,648,000. Intrinsic Edge Capital Management LLC raised its stake in The GEO Group by 69.4% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 590,084 shares of the real estate investment trust’s stock worth $16,251,000 after buying an additional 241,846 shares during the period. Finally, Millennium Management LLC raised its stake in The GEO Group by 654.7% during the 2nd quarter. Millennium Management LLC now owns 241,043 shares of the real estate investment trust’s stock worth $6,638,000 after buying an additional 209,103 shares during the period. 92.11% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on GEO. ValuEngine raised The GEO Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised The GEO Group from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Monday, July 23rd.
Shares of The GEO Group stock opened at $23.15 on Friday. The company has a market capitalization of $2.97 billion, a PE ratio of 9.10, a P/E/G ratio of 2.09 and a beta of 1.19. The GEO Group Inc has a 52 week low of $19.05 and a 52 week high of $28.06. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.46 and a quick ratio of 1.46.
The GEO Group (NYSE:GEO) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.15). The company had revenue of $583.51 million during the quarter, compared to analysts’ expectations of $573.70 million. The GEO Group had a return on equity of 13.90% and a net margin of 6.45%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. On average, equities research analysts predict that The GEO Group Inc will post 1.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 8.12%. The ex-dividend date is Thursday, October 25th. The GEO Group’s dividend payout ratio (DPR) is presently 73.73%.
About The GEO Group
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust ("REIT") 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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