Truist Financial Corp Purchases Shares of 7,683 The GEO Group, Inc. (NYSE:GEO)

Truist Financial Corp purchased a new stake in shares of The GEO Group, Inc. (NYSE:GEO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,683 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in The GEO Group by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 659,453 shares of the real estate investment trust’s stock valued at $18,451,000 after buying an additional 19,060 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in The GEO Group during the 4th quarter valued at $2,068,000. J.W. Cole Advisors Inc. purchased a new stake in The GEO Group during the 4th quarter valued at $304,000. James Investment Research Inc. purchased a new stake in shares of The GEO Group in the 4th quarter worth about $215,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of The GEO Group in the 4th quarter worth about $4,770,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Down 0.8 %

Shares of The GEO Group stock opened at $25.49 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50-day moving average of $29.29 and a 200 day moving average of $22.63. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 87.89, a PEG ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a 1 year low of $11.75 and a 1 year high of $36.46.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. As a group, sell-side analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GEO. 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. Northland Securities raised their target price on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th.

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.