The GEO Group (NYSE:GEO) Receives “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of The GEO Group (NYSE:GEO) in a research report sent to investors on Tuesday morning,RTT News reports. The brokerage currently has a $46.00 price objective on the real estate investment trust’s stock.

GEO has been the subject of a number of other research reports. Noble Financial raised shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Wednesday, March 5th. UBS Group set a $32.00 price objective on shares of The GEO Group in a research report on Wednesday, March 5th.

The GEO Group Stock Performance

NYSE:GEO opened at $29.04 on Tuesday. The company has a market capitalization of $4.08 billion, a PE ratio of 100.14, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a 50 day simple moving average of $28.63 and a two-hundred day simple moving average of $23.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The GEO Group has a fifty-two week low of $11.75 and a fifty-two week high of $36.46.

The GEO Group (NYSE:GEO) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $607.72 million for the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. Research analysts anticipate that The GEO Group will post 0.83 earnings per share for the current year.

Institutional Trading of The GEO Group

Several large investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in shares of The GEO Group by 12.0% in the 3rd quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust’s stock worth $2,511,000 after purchasing an additional 20,962 shares in the last quarter. Quest Partners LLC bought a new position in shares of The GEO Group in the 3rd quarter worth $609,000. Jennison Associates LLC bought a new position in shares of The GEO Group in the 3rd quarter worth $630,000. Intech Investment Management LLC bought a new position in shares of The GEO Group in the 3rd quarter worth $1,279,000. Finally, Pekin Hardy Strauss Inc. lifted its holdings in shares of The GEO Group by 65.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 38,200 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 15,100 shares in the last quarter. Institutional investors and hedge funds 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.