Charles Schwab Investment Management Inc. boosted its holdings in The GEO Group, Inc. (NYSE:GEO) by 4.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,171,653 shares of the real estate investment trust’s stock after purchasing an additional 96,848 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in The GEO Group were worth $19,241,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of The GEO Group by 35.2% in the fourth quarter. BlackRock Inc. now owns 17,846,900 shares of the real estate investment trust’s stock valued at $158,125,000 after acquiring an additional 4,649,249 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in The GEO Group by 2,450.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,713,644 shares of the real estate investment trust’s stock worth $1,955,000 after purchasing an additional 1,646,442 shares in the last quarter. Voloridge Investment Management LLC bought a new position in The GEO Group in the 3rd quarter worth approximately $4,159,000. Public Sector Pension Investment Board grew its holdings in The GEO Group by 445.8% during the 4th quarter. Public Sector Pension Investment Board now owns 307,210 shares of the real estate investment trust’s stock valued at $2,722,000 after buying an additional 250,922 shares in the last quarter. Finally, Duality Advisers LP raised its position in shares of The GEO Group by 955.9% during the fourth quarter. Duality Advisers LP now owns 268,402 shares of the real estate investment trust’s stock valued at $2,378,000 after buying an additional 242,982 shares during the last quarter. Institutional investors and hedge funds own 64.58% of the company’s stock.
Shares of The GEO Group stock opened at $6.21 on Thursday. The firm has a market cap of $753.32 million, a PE ratio of 5.31, a PEG ratio of 0.35 and a beta of 0.89. The stock has a 50 day moving average of $7.78 and a 200 day moving average of $9.02. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.85. The GEO Group, Inc. has a 12 month low of $6.21 and a 12 month high of $15.45.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 1st. Stockholders of record on Monday, January 25th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 16.10%. The ex-dividend date was Friday, January 22nd. The GEO Group’s dividend payout ratio is 36.36%.
Separately, Zacks Investment Research cut shares of The GEO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 22nd.
The GEO Group Company Profile
The GEO Group (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs.
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