Denver Investment Advisors LLC boosted its stake in Geo Group Inc (The) (NYSE:GEO) by 66.6% during the second quarter, Holdings Channel reports. The firm owned 841,627 shares of the real estate investment trust’s stock after buying an additional 336,485 shares during the period. Geo Group Inc (The) comprises approximately 1.1% of Denver Investment Advisors LLC’s holdings, making the stock its 13th largest position. Denver Investment Advisors LLC’s holdings in Geo Group Inc (The) were worth $24,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GEO. JPMorgan Chase & Co. raised its stake in Geo Group Inc (The) by 285.8% in the first quarter. JPMorgan Chase & Co. now owns 1,584,104 shares of the real estate investment trust’s stock worth $73,455,000 after buying an additional 1,173,551 shares in the last quarter. Princeton Alpha Management LP bought a new stake in Geo Group Inc (The) during the first quarter worth $339,000. BNP Paribas Arbitrage SA raised its stake in Geo Group Inc (The) by 56.3% in the first quarter. BNP Paribas Arbitrage SA now owns 22,230 shares of the real estate investment trust’s stock worth $1,031,000 after buying an additional 8,005 shares in the last quarter. Vanguard Group Inc. raised its stake in Geo Group Inc (The) by 6.8% in the first quarter. Vanguard Group Inc. now owns 14,110,525 shares of the real estate investment trust’s stock worth $654,305,000 after buying an additional 901,286 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Geo Group Inc (The) by 56.8% in the second quarter. Louisiana State Employees Retirement System now owns 32,450 shares of the real estate investment trust’s stock worth $960,000 after buying an additional 11,750 shares in the last quarter. 66.89% of the stock is currently owned by institutional investors.

Geo Group Inc (NYSE:GEO) opened at 27.09 on Tuesday. Geo Group Inc has a 52 week low of $10.84 and a 52 week high of $34.32. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 19.00 and a beta of 1.54. The company has a 50-day moving average price of $29.14 and a 200-day moving average price of $30.41.

Geo Group Inc (The) (NYSE:GEO) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by $0.15. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The company had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $584.69 million. During the same period last year, the firm earned $0.21 earnings per share. Geo Group Inc (The)’s revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Geo Group Inc will post $1.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were issued a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.94%. Geo Group Inc (The)’s payout ratio is 131.16%.

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A number of analysts have weighed in on GEO shares. BidaskClub lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Canaccord Genuity restated a “buy” rating and set a $35.00 target price on shares of Geo Group Inc (The) in a report on Monday, June 19th. Zacks Investment Research lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. J P Morgan Chase & Co started coverage on Geo Group Inc (The) in a report on Friday, July 14th. They set an “overweight” rating and a $35.00 target price for the company. Finally, ValuEngine upgraded Geo Group Inc (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Geo Group Inc (The) presently has a consensus rating of “Hold” and a consensus target price of $31.33.

In other news, Director Anne N. Foreman sold 17,340 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total transaction of $462,457.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard H. Glanton sold 3,187 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $29.87, for a total transaction of $95,195.69. The disclosure for this sale can be found here. Insiders sold 44,006 shares of company stock valued at $1,329,188 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Geo Group Inc (The) Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

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