The GEO Group (NYSE:GEO) Earns Neutral Rating from Analysts at Wedbush

Wedbush started coverage on shares of The GEO Group (NYSE:GEO) in a research note published on Tuesday, Analyst Price Targets reports. The firm issued a neutral rating and a $7.00 price target on the real estate investment trust’s stock. Wedbush also issued estimates for The GEO Group’s Q2 2021 earnings at $0.56 EPS, Q3 2021 earnings at $0.57 EPS, Q4 2021 earnings at $0.57 EPS, FY2021 earnings at $2.30 EPS, Q1 2022 earnings at $0.56 EPS, Q2 2022 earnings at $0.56 EPS, Q3 2022 earnings at $0.56 EPS, Q4 2022 earnings at $0.57 EPS, FY2022 earnings at $2.25 EPS and FY2023 earnings at $2.20 EPS.

Other equities research analysts have also issued research reports about the stock. TheStreet lowered shares of The GEO Group from a c rating to a d+ rating in a report on Wednesday, April 14th. Zacks Investment Research raised shares of The GEO Group from a hold rating to a buy rating and set a $6.75 target price for the company in a report on Thursday, May 20th.

NYSE:GEO opened at $7.05 on Tuesday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.66 and a quick ratio of 1.66. The business’s fifty day moving average is $6.00. The firm has a market capitalization of $862.84 million, a PE ratio of 6.18, a PEG ratio of 0.27 and a beta of 0.72. The GEO Group has a fifty-two week low of $4.96 and a fifty-two week high of $13.75.

The GEO Group (NYSE:GEO) last released its earnings results on Monday, May 10th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.09. The GEO Group had a net margin of 5.96% and a return on equity of 17.30%. During the same quarter last year, the business earned $0.34 earnings per share. Equities research analysts predict that The GEO Group will post 2.27 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its holdings in shares of The GEO Group by 10.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 15,550 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,515 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of The GEO Group by 5.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,717 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 2,065 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of The GEO Group by 22.0% in the first quarter. Teacher Retirement System of Texas now owns 13,591 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 2,455 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in The GEO Group by 2.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 96,100 shares of the real estate investment trust’s stock worth $851,000 after buying an additional 2,500 shares during the period. Finally, D Orazio & Associates Inc. purchased a new position in The GEO Group during the fourth quarter worth about $25,000. 76.90% of the stock is owned by hedge funds and other institutional investors.

The GEO Group Company Profile

The GEO Group (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs.

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