The GEO Group (NYSE:GEO) Given Outperform Rating at Wedbush

Wedbush restated their outperform rating on shares of The GEO Group (NYSE:GEO) in a research report released on Tuesday,RTT News reports. They currently have a $46.00 price objective on the real estate investment trust’s stock.

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

The GEO Group Price Performance

NYSE GEO opened at $26.47 on Tuesday. The GEO Group has a twelve month low of $11.75 and a twelve month high of $36.46. 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 stock has a market capitalization of $3.72 billion, a PE ratio of 91.27, a P/E/G ratio of 2.11 and a beta of 0.91. The stock has a 50-day simple moving average of $28.73 and a 200 day simple moving average of $23.43.

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

Hedge Funds Weigh In On The GEO Group

Large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the 3rd quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new stake in shares of The GEO Group in the 4th quarter valued at approximately $29,000. SRS Capital Advisors Inc. grew its stake in shares of The GEO Group by 160.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 720 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of The GEO Group by 149.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 915 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of The GEO Group in the 3rd quarter valued at approximately $67,000. 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.