The GEO Group Stock Forecast, Price & News

The GEO Group's stock was trading at $13.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GEO stock has decreased by 33.3% and is now trading at $8.88.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The GEO Group in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
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The GEO Group is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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The GEO Group Inc (NYSE:GEO) posted its earnings results on Thursday, August, 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.16. The GEO Group had a return on equity of 17.13% and a net margin of 5.96%.
View The GEO Group's earnings history.

The GEO Group declared a quarterly dividend on Tuesday, October 6th. Shareholders of record on Friday, October 16th will be given a dividend of $0.34 per share on Friday, October 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.32%. The ex-dividend date of this dividend is Thursday, October 15th.
View The GEO Group's dividend history.

The GEO Group updated its fourth quarter 2020 Pre-Market earnings guidance on Thursday, October, 29th. The company provided earnings per share (EPS) guidance of 0.55-0.57 for the period.

1 brokerages have issued 1-year price targets for The GEO Group's stock. Their forecasts range from $15.00 to $15.00. On average, they expect The GEO Group's share price to reach $15.00 in the next year. This suggests a possible upside of 68.9% from the stock's current price.
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The GEO Group saw a increase in short interest in October. As of October 15th, there was short interest totaling 5,290,000 shares, an increase of 41.1% from the September 30th total of 3,750,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.5% of the shares of the company are sold short.
View The GEO Group's Short Interest.

Some companies that are related to The GEO Group include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Extra Space Storage (EXR), Ventas (VTR), HCP (HCP), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and PotlatchDeltic (PCH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other The GEO Group investors own include AT&T (T), Enterprise Products Partners (EPD), Energy Transfer (ET), CoreCivic (CXW), Iron Mountain (IRM), Altria Group (MO), AGNC Investment (AGNC), Annaly Capital Management (NLY), Verizon Communications (VZ) and AbbVie (ABBV).

The GEO Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "GEO."

The GEO Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Standard Life Aberdeen plc (0.86%), LSV Asset Management (0.72%), Hodges Capital Management Inc. (0.21%), First Dallas Securities Inc. (0.15%), Nisa Investment Advisors LLC (0.10%) and Dupont Capital Management Corp (0.09%). Company insiders that own The GEO Group stock include Anne N Foreman, Brian Evans, Christopher C Wheeler, David J Venturella, George C Zoley and Richard H Glanton.
View institutional ownership trends for The GEO Group.

GEO stock was sold by a variety of institutional investors in the last quarter, including New Mexico Educational Retirement Board, New Mexico Educational Retirement Board, Gradient Investments LLC, and IFP Advisors Inc. Company insiders that have sold The GEO Group company stock in the last year include Anne N Foreman, and Richard H Glanton.
View insider buying and selling activity for The GEO Group.

GEO stock was purchased by a variety of institutional investors in the last quarter, including First Dallas Securities Inc., Standard Life Aberdeen plc, Clear Harbor Asset Management LLC, Nisa Investment Advisors LLC, Dupont Capital Management Corp, Bristlecone Advisors LLC, Pacer Advisors Inc., and Hodges Capital Management Inc.. Company insiders that have bought The GEO Group stock in the last two years include Brian Evans, David J Venturella, and George C Zoley.
View insider buying and selling activity for The GEO Group.

Shares of GEO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GEO stock can currently be purchased for approximately $8.88.

The GEO Group has a market capitalization of $1.08 billion and generates $2.48 billion in revenue each year. The real estate investment trust earns $166.60 million in net income (profit) each year or $2.75 on an earnings per share basis. The GEO Group employs 22,000 workers across the globe.

The official website for The GEO Group is www.geogroup.com.

The GEO Group's mailing address is 4955 TECHNOLOGY WAY, BOCA RATON FL, 33431. The real estate investment trust can be reached via phone at 561-893-0101 or via email at [email protected]