Denver Investment Advisors LLC increased its holdings in shares of Geo Group Inc (NYSE:GEO) by 45.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,385,714 shares of the real estate investment trust’s stock after acquiring an additional 430,050 shares during the period. Geo Group comprises approximately 1.5% of Denver Investment Advisors LLC’s holdings, making the stock its 4th largest holding. Denver Investment Advisors LLC owned approximately 1.13% of Geo Group worth $28,365,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GEO. Carillon Tower Advisers Inc. bought a new stake in Geo Group during the 4th quarter worth approximately $27,629,000. River Road Asset Management LLC boosted its position in Geo Group by 59.9% in the 4th quarter. River Road Asset Management LLC now owns 1,927,563 shares of the real estate investment trust’s stock valued at $45,490,000 after buying an additional 721,954 shares during the last quarter. Ascend Capital LLC bought a new position in Geo Group in the 4th quarter valued at $13,004,000. Global X Management Co. LLC boosted its position in Geo Group by 44,767.8% in the 1st quarter. Global X Management Co. LLC now owns 452,267 shares of the real estate investment trust’s stock valued at $9,258,000 after buying an additional 451,259 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Geo Group by 255.6% in the 4th quarter. Deutsche Bank AG now owns 618,920 shares of the real estate investment trust’s stock valued at $14,604,000 after buying an additional 444,860 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
Shares of Geo Group opened at $24.39 on Thursday, according to MarketBeat Ratings. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 2.07 and a beta of 1.26. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.54 and a current ratio of 1.54. Geo Group Inc has a 52 week low of $19.05 and a 52 week high of $33.40.
Geo Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $565.00 million for the quarter, compared to analyst estimates of $559.86 million. Geo Group had a return on equity of 13.63% and a net margin of 6.18%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. analysts forecast that Geo Group Inc will post 1.95 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 3rd. Stockholders of record on Monday, April 23rd were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date was Friday, April 20th. Geo Group’s dividend payout ratio (DPR) is currently 73.73%.
Geo Group declared that its board has authorized a share buyback plan on Wednesday, February 14th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
GEO has been the topic of a number of recent research reports. Zacks Investment Research upgraded Geo Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. SunTrust Banks reiterated a “buy” rating and issued a $32.00 price objective on shares of Geo Group in a research report on Wednesday, January 31st. Finally, ValuEngine lowered Geo Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.00.
In other news, SVP John J. Bulfin sold 5,000 shares of the stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $24.98, for a total value of $124,900.00. Following the transaction, the senior vice president now owns 208,017 shares of the company’s stock, valued at approximately $5,196,264.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.
Geo Group 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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