The GEO Group (NYSE:GEO) Price Target Raised to $37.00

The GEO Group (NYSE:GEO) had its price target raised by analysts at Northland Securities from $16.00 to $37.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Northland Securities’ target price suggests a potential upside of 45.90% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Wedbush boosted their price objective on shares of The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday.

The GEO Group Trading Up 3.8 %

NYSE:GEO opened at $25.36 on Friday. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 87.45, a PEG ratio of 3.09 and a beta of 0.63. The company has a quick ratio of 1.26, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average price is $14.45 and its 200-day moving average price is $14.23. The GEO Group has a 52 week low of $9.09 and a 52 week high of $25.88.

The GEO Group (NYSE:GEO) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $607.19 million during the quarter, compared to the consensus estimate of $606.16 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. During the same period in the previous year, the business posted $0.24 EPS. On average, equities research analysts forecast that The GEO Group will post 0.82 earnings per share for the current fiscal year.

Insider Activity at The GEO Group

In other news, Chairman George C. Zoley bought 100,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $12.33 per share, with a total value of $1,233,000.00. Following the completion of the transaction, the chairman now owns 3,900,904 shares of the company’s stock, valued at approximately $48,098,146.32. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On The GEO Group

Several institutional investors have recently made changes to their positions in GEO. Allspring Global Investments Holdings LLC raised its position in The GEO Group by 568.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,326 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 9,632 shares during the period. Commonwealth Equity Services LLC grew its holdings in The GEO Group by 3.1% during the first quarter. Commonwealth Equity Services LLC now owns 39,703 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 1,197 shares during the period. BNP Paribas Financial Markets increased its position in The GEO Group by 11.4% in the first quarter. BNP Paribas Financial Markets now owns 247,745 shares of the real estate investment trust’s stock worth $3,498,000 after buying an additional 25,441 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of The GEO Group by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 106,826 shares of the real estate investment trust’s stock worth $1,508,000 after buying an additional 1,402 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of The GEO Group during the 1st quarter valued at about $214,000. Institutional investors own 76.10% of the company’s stock.

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.