- American City Business Journals•5 hours ago
Shares of Boca Raton-based Geo Group were up more than 2.7 percent mid-afternoon Wednesday following the announcement that the private prison owner and operator had entered into an agreement to acquire Community Education Centers in a $360 million all-cash deal. The stock (GEO) was trading at $47.41 Wednesday afternoon. Stock in similar companies – such as Tennessee-based CoreCivic (CXW), formerly Corrections Corp. of America – were also up Wednesday afternoon, though by gains of less than half as much as Geo Group.
- American City Business Journals•13 hours ago
Geo Group on Wednesday announced the acquisition of Community Education Centers (CEC) in a $360 million, all-cash deal. The Boca Raton-based REIT, which specializes in private prison operations (GEO), plans to integrate the company into its existing business units GEO Corrections & Detention and GEO Care. CEC is based in New Jersey and is a private provider of rehabilitative services for prisoners, and provides management services for government correctional and detention facilities.
GEO : Summary for Geo Group Inc (The) REIT - Yahoo Finance
The GEO Group, Inc. (GEO)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||45.75 - 47.87|
|52 Week Range||16.26 - 47.87|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||24.75|
|Dividend & Yield||2.80 (6.20%)|
|1y Target Est||N/A|