Teachers Insurance & Annuity Association of America Reduces Stake in The GEO Group Inc (GEO)

Teachers Insurance & Annuity Association of America lowered its position in The GEO Group Inc (NYSE:GEO) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,887 shares of the real estate investment trust’s stock after selling 2,693 shares during the quarter. Teachers Insurance & Annuity Association of America owned about 0.13% of The GEO Group worth $3,847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in shares of The GEO Group in the second quarter valued at about $116,000. Centaurus Financial Inc. purchased a new stake in shares of The GEO Group in the second quarter valued at about $149,000. Itau Unibanco Holding S.A. purchased a new stake in shares of The GEO Group in the second quarter valued at about $169,000. Jane Street Group LLC purchased a new stake in shares of The GEO Group in the second quarter valued at about $206,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of The GEO Group in the second quarter valued at about $210,000. 92.96% of the stock is owned by hedge funds and other institutional investors.

In other The GEO Group news, SVP David J. Venturella sold 4,500 shares of the company’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $25.55, for a total value of $114,975.00. Following the transaction, the senior vice president now owns 19,221 shares of the company’s stock, valued at $491,096.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard H. Glanton sold 3,175 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $25.19, for a total transaction of $79,978.25. Following the completion of the transaction, the director now directly owns 5,252 shares in the company, valued at approximately $132,297.88. The disclosure for this sale can be found here. Corporate insiders own 36.50% of the company’s stock.

Shares of GEO opened at $22.26 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.21. The GEO Group Inc has a 12-month low of $19.05 and a 12-month high of $28.06. The stock has a market capitalization of $2.68 billion, a P/E ratio of 8.73, a PEG ratio of 1.87 and a beta of 1.22.

The GEO Group (NYSE:GEO) last posted its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.19). The GEO Group had a net margin of 6.43% and a return on equity of 14.63%. The company had revenue of $583.53 million during the quarter, compared to analyst estimates of $588.32 million. During the same period in the previous year, the company earned $0.63 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that The GEO Group Inc will post 1.96 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 26th were given a $0.47 dividend. The ex-dividend date was Thursday, October 25th. This represents a $1.88 dividend on an annualized basis and a yield of 8.45%. The GEO Group’s payout ratio is currently 73.73%.

A number of equities research analysts recently issued reports on GEO shares. ValuEngine raised shares of The GEO Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Zacks Investment Research raised shares of The GEO Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, November 13th.

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The GEO Group Profile

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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Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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