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

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

A number of other equities research analysts have also commented on the company. UBS Group set a $32.00 price target on The GEO Group in a research report on Wednesday, March 5th. Noble Financial upgraded The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Wednesday, March 5th.

The GEO Group Stock Up 0.7 %

NYSE GEO opened at $26.47 on Tuesday. The firm has a market cap of $3.72 billion, a PE ratio of 91.27, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The GEO Group has a one year low of $11.75 and a one year high of $36.46. The stock’s 50 day simple moving average is $28.73 and its 200 day simple moving average is $23.43. 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 GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $607.72 million for 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 forecast that The GEO Group will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. boosted its position in The GEO Group by 45.7% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 350,914 shares of the real estate investment trust’s stock valued at $9,819,000 after buying an additional 110,000 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of The GEO Group in the 4th quarter valued at $219,000. Pacific Point Advisors LLC acquired a new position in shares of The GEO Group in the 4th quarter valued at $560,000. Twinbeech Capital LP lifted its stake in shares of The GEO Group by 398.0% in the 4th quarter. Twinbeech Capital LP now owns 239,627 shares of the real estate investment trust’s stock valued at $6,705,000 after purchasing an additional 191,510 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of The GEO Group by 188.3% in the 4th quarter. Two Sigma Advisers LP now owns 420,749 shares of the real estate investment trust’s stock valued at $11,773,000 after purchasing an additional 274,784 shares during the period. 76.10% of the stock is currently owned by institutional investors.

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.