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

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

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Wedbush lifted their price objective on shares of The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday.

The GEO Group Trading Up 3.8 %

NYSE GEO opened at $25.36 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.26 and a current ratio of 1.10. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 87.45, a price-to-earnings-growth ratio of 3.09 and a beta of 0.63. The company’s 50-day simple moving average is $14.45 and its two-hundred day simple moving average is $14.23. The GEO Group has a one year low of $9.09 and a one year high of $25.88.

Institutional Trading of The GEO Group

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in The GEO Group by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust’s stock worth $16,008,000 after purchasing an additional 49,134 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in The GEO Group by 131.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock worth $14,904,000 after purchasing an additional 590,099 shares in the last quarter. Principal Financial Group Inc. boosted its stake in The GEO Group by 3.6% in the 2nd quarter. Principal Financial Group Inc. now owns 656,596 shares of the real estate investment trust’s stock worth $9,429,000 after purchasing an additional 22,969 shares in the last quarter. Center Lake Capital Management LLC boosted its stake in The GEO Group by 500.0% in the 1st quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $8,472,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Beaconlight Capital LLC acquired a new stake in The GEO Group in the 1st quarter worth approximately $5,754,000. 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.