The GEO Group Inc (NYSE:GEO) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama increased its holdings in shares of The GEO Group Inc (NYSE:GEO) by 0.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 157,651 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of The GEO Group worth $3,312,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GEO. First Citizens Bank & Trust Co. lifted its stake in The GEO Group by 37.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 16,416 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 4,509 shares in the last quarter. Foundry Partners LLC lifted its stake in The GEO Group by 40.4% in the 1st quarter. Foundry Partners LLC now owns 203,199 shares of the real estate investment trust’s stock valued at $3,901,000 after buying an additional 58,427 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in The GEO Group by 4.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,783 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 749 shares in the last quarter. American Century Companies Inc. lifted its stake in The GEO Group by 335.6% in the 4th quarter. American Century Companies Inc. now owns 1,422,625 shares of the real estate investment trust’s stock valued at $28,026,000 after buying an additional 1,096,034 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in The GEO Group by 33.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 131,110 shares of the real estate investment trust’s stock valued at $2,583,000 after buying an additional 32,908 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

The GEO Group stock traded up $0.78 during midday trading on Wednesday, reaching $17.81. The company had a trading volume of 36,392 shares, compared to its average volume of 1,149,270. The company has a market capitalization of $2.09 billion, a P/E ratio of 7.21 and a beta of 1.15. The GEO Group Inc has a 12-month low of $16.33 and a 12-month high of $26.30. The business has a fifty day moving average of $20.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.49.

The GEO Group (NYSE:GEO) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.13). The GEO Group had a return on equity of 14.82% and a net margin of 6.34%. The business had revenue of $610.70 million during the quarter, compared to analysts’ expectations of $601.83 million. During the same period last year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 19th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date of this dividend was Thursday, July 18th. The GEO Group’s dividend payout ratio (DPR) is 77.73%.

In other The GEO Group news, Director Richard H. Glanton sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $21.39, for a total value of $51,336.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

A number of research analysts recently weighed in on GEO shares. Zacks Investment Research raised shares of Gerdau from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, TheStreet raised shares of Worthington Industries from a “c+” rating to a “b-” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust 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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