Mondrian Investment Partners LTD increased its position in shares of Geo Group Inc (The) (NYSE:GEO) by 40.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,095 shares of the real estate investment trust’s stock after buying an additional 33,402 shares during the period. Mondrian Investment Partners LTD’s holdings in Geo Group Inc (The) were worth $3,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEO. Arizona State Retirement System raised its position in shares of Geo Group Inc (The) by 53.8% in the second quarter. Arizona State Retirement System now owns 52,450 shares of the real estate investment trust’s stock worth $1,551,000 after buying an additional 18,350 shares in the last quarter. Foundry Partners LLC raised its position in shares of Geo Group Inc (The) by 52.9% in the second quarter. Foundry Partners LLC now owns 328,234 shares of the real estate investment trust’s stock worth $9,706,000 after buying an additional 113,492 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Geo Group Inc (The) by 45.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,506 shares of the real estate investment trust’s stock worth $547,000 after buying an additional 5,795 shares in the last quarter. Boston Partners raised its position in shares of Geo Group Inc (The) by 17.9% in the second quarter. Boston Partners now owns 179,165 shares of the real estate investment trust’s stock worth $5,297,000 after buying an additional 27,155 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Geo Group Inc (The) by 58.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 784,071 shares of the real estate investment trust’s stock worth $23,185,000 after buying an additional 288,153 shares in the last quarter. 64.43% of the stock is owned by institutional investors and hedge funds.

Geo Group Inc (NYSE:GEO) opened at 26.86 on Friday. The company has a 50-day moving average of $29.23 and a 200 day moving average of $30.37. Geo Group Inc has a 52-week low of $10.84 and a 52-week high of $34.32. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 18.84 and a beta of 1.54.

Geo Group Inc (The) (NYSE:GEO) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.15. The business had revenue of $570.10 million during the quarter, compared to the consensus estimate of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, equities research analysts anticipate that Geo Group Inc will post $1.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date was Wednesday, July 19th. Geo Group Inc (The)’s dividend payout ratio is currently 131.16%.

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A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday. 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 report on Monday, August 7th. BidaskClub lowered shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co assumed coverage on shares of Geo Group Inc (The) in a research report on Friday, July 14th. They issued an “overweight” rating and a $35.00 price target for the company. Finally, ValuEngine raised shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.33.

In other Geo Group Inc (The) news, VP Shayn P. March sold 22,542 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $32.96, for a total value 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 approximately $1,192,163.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne N. Foreman sold 17,340 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total transaction of $462,457.80. The disclosure for this sale can be found here. Insiders sold a total of 44,006 shares of company stock valued at $1,329,188 in the last three months. Insiders own 2.40% of the company’s stock.

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.

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

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