How will the private prison EO affect GEO Group?
As with CoreCivic, The GEO Group may only see moderate damage from the private prison EO since only 12% of its top line in 2019 came from BOP contracts; 11% came from U.S. Marshals contracts. This situation would’ve been much worse if the EO phased out private ICE facilities as well.
What are the best prison stocks to invest in?
CoreCivic and GEO are the only pure-play U.S. prison stocks out there. There are several large companies that provide telecom and other services to federal and state-level facilities, but none of them trade publicly.
How much did CoreCivic and GEO Group receive under Trump?
In 2015, CoreCivic and GEO Group received a total of $884 million, according to an analysis of federal contracting records by Public Citizen, a liberal consumer rights advocacy group. The windfall continued under Trump.
What's happening with prisons Inc's dividend?
As the company terminates its REIT election, it will also end its quarterly dividend payments to investors, following a unanimous vote from its board. The prison operator finally made a call about how it wants to structure its business. Investors weren't so pleased.
Is Geo Group a good stock to buy?
The Geo Group Inc (The) stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Will Geo Group stock go up?
Analyst Price Target on GEO Based on 1 Wall Street analysts offering 12 month price targets for Geo Group in the last 3 months. The average price target is $15.00 with a high forecast of $15.00 and a low forecast of $15.00. The average price target represents a 124.55% change from the last price of $6.68.
How much debt does Geo Group have?
GEO has ~$1.5 billion secured debt, ~$1.0 billion unsecured bonds, plus ~$360 million other debt, gives a total of close to $3.0 billion of consolidated debt.
Is Geo Group A REIT?
GEO began operating as a REIT in 2013. GEO's shift follows a move by rival CoreCivic, another prison operator that also became a REIT in 2013. CoreCivic dropped its REIT status at the beginning of 2021.
Does GEO pay a dividend?
The company has also decided to stop paying a quarterly dividend. The company said it has decided to make the change in its corporate status and dividend policy to give it additional flexibility to allocate cash towards reducing debt. GEO said it is reviewing potential sales of company-owned businesses and assets.
What does GEO stand for in GEO Group?
GEO GroupTypePublic companyPredecessorThe Wackenhut CorporationFounded1984 (as Wackenhut Corrections Corporation (WCC))FounderGeorge ZoleyHeadquartersBoca Raton, Florida, U.S.14 more rows
What is Geo Group?
Does Geo pay dividends?
The GEO Group (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs. GEO's worldwide operations include the ownership and/or management of 123 facilities totaling approximately 93,000 beds, including projects under development, with a workforce of approximately 23,000 professionals.#N#More...
Is Geo Group on the NYSE?
GEO does not currently pay a dividend.
Is Geo bullish?
The GEO Group, Inc. is listed on the NYSE as (NYSE:GEO).
