Ranger Global Real Estate Advisors LLC cut its holdings in shares of Geo Group Inc (The) (NYSE:GEO) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,731 shares of the real estate investment trust’s stock after selling 25,384 shares during the quarter. Geo Group Inc (The) accounts for approximately 1.3% of Ranger Global Real Estate Advisors LLC’s holdings, making the stock its 23rd biggest holding. Ranger Global Real Estate Advisors LLC owned approximately 0.10% of Geo Group Inc (The) worth $3,194,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GEO. Vanguard Group Inc. raised its stake in shares of Geo Group Inc (The) by 59.9% during the second quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock worth $667,233,000 after acquiring an additional 8,454,008 shares in the last quarter. BlackRock Inc. raised its stake in shares of Geo Group Inc (The) by 51.3% during the second quarter. BlackRock Inc. now owns 13,705,096 shares of the real estate investment trust’s stock worth $405,261,000 after acquiring an additional 4,649,017 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Geo Group Inc (The) by 82.8% during the second quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock worth $128,941,000 after acquiring an additional 1,975,389 shares in the last quarter. Artemis Investment Management LLP raised its stake in shares of Geo Group Inc (The) by 96.0% during the second quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after acquiring an additional 1,480,619 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Geo Group Inc (The) by 54.0% during the second quarter. State Street Corp now owns 4,058,753 shares of the real estate investment trust’s stock worth $120,023,000 after acquiring an additional 1,423,388 shares in the last quarter. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

GEO has been the topic of several research reports. BidaskClub downgraded shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. ValuEngine downgraded shares of Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co initiated coverage on shares of Geo Group Inc (The) in a research note on Friday, July 14th. They set an “overweight” rating and a $35.00 price target on the stock. Finally, Canaccord Genuity set a $35.00 price target on shares of Geo Group Inc (The) and gave the stock a “buy” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $33.83.

In other Geo Group Inc (The) news, Director Norman A. Carlson sold 10,000 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $25.77, for a total value of $257,700.00. Following the sale, the director now owns 39,779 shares in the company, valued at $1,025,104.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Anne N. Foreman sold 17,340 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total value of $462,457.80. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Geo Group Inc (The) (NYSE:GEO) last released its 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 return on equity of 14.85% and a net margin of 7.05%. The business had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $584.69 million. During the same quarter in the previous year, the business earned $0.21 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Monday, October 23rd were paid a $0.47 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.88 dividend on an annualized basis and a yield of 7.24%. Geo Group Inc (The)’s payout ratio is 139.26%.

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About Geo Group Inc (The)

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.

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

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