PNC Financial Services Group Inc. decreased its position in shares of Geo Group Inc (The) (NYSE:GEO) by 0.2% during the first quarter, Holdings Channel reports. The firm owned 71,751 shares of the real estate investment trust’s stock after selling 112 shares during the period. PNC Financial Services Group Inc. owned approximately 0.06% of Geo Group Inc (The) worth $3,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Comerica Bank boosted its position in shares of Geo Group Inc (The) by 5.9% in the fourth quarter. Comerica Bank now owns 80,015 shares of the real estate investment trust’s stock worth $3,111,000 after buying an additional 4,448 shares during the period. State Street Corp boosted its position in shares of Geo Group Inc (The) by 8.7% in the fourth quarter. State Street Corp now owns 1,724,304 shares of the real estate investment trust’s stock worth $61,954,000 after buying an additional 137,781 shares during the period. FMR LLC acquired a new position in shares of Geo Group Inc (The) during the fourth quarter worth $57,509,000. Zebra Capital Management LLC acquired a new position in shares of Geo Group Inc (The) during the fourth quarter worth $210,000. Finally, Credit Agricole S A boosted its position in shares of Geo Group Inc (The) by 87.6% in the fourth quarter. Credit Agricole S A now owns 7,318 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 3,418 shares during the period. 63.22% of the stock is currently owned by hedge funds and other institutional investors.

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

Geo Group Inc (NYSE GEO) traded down 2.57% during mid-day trading on Friday, hitting $29.94. 2,262,043 shares of the stock were exchanged. The company has a 50 day moving average price of $31.42 and a 200 day moving average price of $28.93. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 21.49 and a beta of 1.53. Geo Group Inc has a 52 week low of $10.84 and a 52 week high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last announced its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $550.61 million during the quarter, compared to analysts’ expectations of $550.79 million. Geo Group Inc (The) had a return on equity of 15.32% and a net margin of 7.06%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. Analysts expect that Geo Group Inc will post $1.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Tuesday, May 9th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, May 5th. This represents a $1.88 dividend on an annualized basis and a yield of 6.28%. Geo Group Inc (The)’s payout ratio is currently 135.25%.

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A number of research firms have recently issued reports on GEO. Deutsche Bank AG began coverage on shares of Geo Group Inc (The) in a research note on Wednesday, February 22nd. They set a “hold” rating and a $31.33 price objective on the stock. Canaccord Genuity lifted their price objective on shares of Geo Group Inc (The) from $28.67 to $34.67 and gave the company a “buy” rating in a research note on Friday, February 24th. Zacks Investment Research lowered shares of Geo Group Inc (The) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Finally, ValuEngine upgraded shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.41.

In other Geo Group Inc (The) news, VP Shayn P. March sold 22,542 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $32.96, for a total transaction of $742,984.32. Following the completion of the sale, the vice president now owns 36,170 shares of the company’s stock, valued at $1,192,163.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard H. Glanton sold 3,187 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $29.87, for a total value of $95,195.69. The disclosure for this sale can be found here. Insiders have sold 26,666 shares of company stock valued at $866,730 in the last ninety days. Company 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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