Northland Securities Raises The GEO Group (NYSE:GEO) Price Target to $37.00

The GEO Group (NYSE:GEO) had its price target hoisted by Northland Securities from $16.00 to $37.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

GEO has been the topic of a number of other research reports. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Wedbush lifted their price target on The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday.

The GEO Group Stock Performance

Shares of NYSE GEO opened at $26.49 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.26. The company has a market cap of $3.70 billion, a PE ratio of 91.33, a price-to-earnings-growth ratio of 3.09 and a beta of 0.63. The company has a 50-day simple moving average of $14.71 and a 200-day simple moving average of $14.31. The GEO Group has a 12 month low of $9.14 and a 12 month high of $27.88.

Institutional Trading of The GEO Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in The GEO Group during the 3rd quarter worth approximately $1,279,000. Jennison Associates LLC acquired a new stake in shares of The GEO Group in the third quarter worth $630,000. Quest Partners LLC purchased a new position in shares of The GEO Group in the 3rd quarter valued at $609,000. Chesapeake Capital Corp IL lifted its holdings in shares of 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 acquiring an additional 4,800 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position 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 worth $2,511,000 after purchasing an additional 20,962 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Company 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.