Truist Financial Corp Acquires Shares of 7,683 The GEO Group, Inc. (NYSE:GEO)

Truist Financial Corp acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 7,683 shares of the real estate investment trust’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GEO. Creative Planning increased its stake in The GEO Group by 9.0% during the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 919 shares in the last quarter. Tyler Stone Wealth Management increased its stake in The GEO Group by 98.8% during the 3rd quarter. Tyler Stone Wealth Management now owns 12,284 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 6,105 shares in the last quarter. Versor Investments LP bought a new stake in The GEO Group during the 3rd quarter valued at about $604,000. Victory Capital Management Inc. increased its stake in The GEO Group by 12.0% during the 3rd quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust’s stock valued at $2,511,000 after purchasing an additional 20,962 shares in the last quarter. Finally, Chesapeake Capital Corp IL increased its stake in The GEO Group by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 4,800 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Stock Performance

Shares of GEO stock opened at $25.49 on Friday. The company has a 50 day moving average price of $29.29 and a 200-day moving average price of $22.63. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The firm has a market capitalization of $3.58 billion, a PE ratio of 87.89, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.

The GEO Group (NYSE:GEO) last posted its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. As a group, equities research analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Northland Securities lifted their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Finally, Noble Financial upgraded shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Wednesday.

The GEO Group Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.