Thrivent Financial for Lutherans lifted its stake in The GEO Group Inc (NYSE:GEO) by 113.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,800 shares of the real estate investment trust’s stock after acquiring an additional 90,911 shares during the period. Thrivent Financial for Lutherans owned 0.14% of The GEO Group worth $3,365,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its stake in The GEO Group by 1,851.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 949,816 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 901,137 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in The GEO Group during the 4th quarter worth $79,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in The GEO Group by 11.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,455 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 882 shares during the last quarter. Quantamental Technologies LLC purchased a new position in The GEO Group during the 4th quarter worth $188,000. Finally, Sun Life Financial INC grew its stake in The GEO Group by 6.5% during the 4th quarter. Sun Life Financial INC now owns 10,357 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 633 shares during the last quarter. 88.82% of the stock is owned by hedge funds and other institutional investors.
The GEO Group stock traded up $0.13 during trading hours on Friday, hitting $19.39. 780,869 shares of the stock traded hands, compared to its average volume of 739,624. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $2.34 billion, a PE ratio of 7.85, a PEG ratio of 1.64 and a beta of 1.46. The GEO Group Inc has a 1 year low of $18.18 and a 1 year high of $28.06.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 15th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.92 annualized dividend and a yield of 9.90%. The GEO Group’s payout ratio is presently 77.73%.
GEO has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded The GEO Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $27.00 to $26.00 in a research note on Friday, February 15th. ValuEngine downgraded The GEO Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Zacks Investment Research downgraded The GEO Group from a “buy” rating to a “sell” rating in a research note on Monday, February 18th. Finally, Wells Fargo & Co restated a “hold” rating on shares of The GEO Group in a research note on Monday, March 11th.
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The GEO Group Company Profile
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.
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