Alps Advisors Inc. increased its stake in The GEO Group Inc (NYSE:GEO) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,743 shares of the real estate investment trust’s stock after acquiring an additional 847 shares during the period. Alps Advisors Inc.’s holdings in The GEO Group were worth $1,039,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new stake in shares of The GEO Group during the 2nd quarter worth approximately $221,000. Jane Street Group LLC bought a new stake in shares of The GEO Group during the 2nd quarter worth approximately $206,000. Bank of New York Mellon Corp raised its stake in shares of The GEO Group by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,761,497 shares of the real estate investment trust’s stock worth $76,052,000 after purchasing an additional 164,111 shares in the last quarter. United Services Automobile Association raised its stake in shares of The GEO Group by 25.0% during the 2nd quarter. United Services Automobile Association now owns 22,968 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 4,594 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of The GEO Group by 205.4% during the 3rd quarter. Bank of Montreal Can now owns 10,378 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 6,980 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.
GEO stock opened at $23.64 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.21. The company has a market cap of $2.88 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45. The GEO Group Inc has a 1-year low of $18.43 and a 1-year high of $28.06.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 15th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, February 14th. This is a positive change from The GEO Group’s previous quarterly dividend of $0.47. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.12%. The GEO Group’s payout ratio is presently 73.73%.
GEO has been the topic of a number of analyst reports. ValuEngine cut The GEO Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 7th. Zacks Investment Research cut The GEO Group from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. Finally, Wells Fargo & Co set a $25.00 price objective on The GEO Group and gave the stock a “hold” rating in a research note on Wednesday, November 28th.
In other The GEO Group news, CEO George C. Zoley bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were acquired at an average cost of $22.33 per share, with a total value of $1,116,500.00. Following the acquisition, the chief executive officer now owns 1,750,000 shares of the company’s stock, valued at $39,077,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 36.50% of the stock is currently owned by insiders.
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The 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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