|Bid||27.10 x 1400|
|Ask||28.69 x 1800|
|Day's Range||27.12 - 27.54|
|52 Week Range||19.05 - 31.03|
|PE Ratio (TTM)||23.68|
|Forward Dividend & Yield||1.88 (7.21%)|
|1y Target Est||N/A|
The Trump administration’s new push for more federal detention facilities for immigrants awaiting asylum hearings or deportation has brightened the outlook for the country’s two largest private prison operators. Tennessee-based CoreCivic Inc. and Florida-based Geo Group had already been helped by higher federal spending on Immigration and Customs Enforcement. Now, the Trump administration is seeking $2.8 billion in the 2019 budget year to increase the number of beds in immigration detention centers to 52,000—49,500 adult and 2,500 family beds—from about 40,000 now, a spokeswoman said.
The Trump administration's much-publicized increase in immigration enforcement is also increasing the bottom line for for-profit prisons and other companies from the private sector, with many signing multimillion-dollar contracts with the Department of Homeland Security. "A lot of people imagine immigration detention as being a government-only function, but there are private contractors throughout the entire immigration enforcement and detention system," said Jeremy Mohler, communications director of the research and policy group In the Public Interest. Running a massive nationwide government operation requires organization and technology.
South Florida’s highest-paid CEOs are still earning most of their pay through stock awards. As companies’ compensation committees continue to push for performance-based pay over high salaries, stock awards remain the go-to reward for many South Florida executives. Stock awards accounted for more than 51 percent of overall compensation among the 25 highest-paid CEOs in the region in 2017.
The biggest private prison operators, which have poured money into Republican coffers, stand to make a windfall from President Donald Trump’s “zero tolerance” policy on illegal immigration that has pushed thousands of undocumented immigrants into detention. The Department of Homeland Security is considering adding space for 15,000 additional people in family detention centers, about five times current capacity, even as the number of border crossings declines. GEO Group Inc. and CoreCivic Inc., which each run a facility that holds immigrant families in Texas, have made more than $2.5 million in combined political donations since 2015.
The GEO Group Inc (NYSE:GEO), a reits company based in United States, saw a significant share price rise of over 20% in the past couple of months on the NYSE.Read More...
The Trump administration’s “zero tolerance” policy at the border generated weeks of outrage, but for some federal contractors it’s also generating profits, analysts say. Under Trump’s policy, launched in April, anyone who crosses the border without authorization is subject to criminal prosecution, even if they are seeking asylum.
The Trump administration's recent immigration crackdown has clearly been a boon for the private companies that own, manage and supply federal detention centers. A recent report from the Government Accountability Office found that the Immigration and Customs Enforcement division of the Department of Homeland Security had ended up spending more than originally budgeted to house detainees. In response to the GAO report in April, ICE officials said they had recently improved the process of estimating costs for the 2020 budget cycle, and they promised to "work to more effectively" to document the agency's cost reviews.
Sustainable investors, playing the long game, are engaging with companies to strengthen human-rights practices even after the Trump administration decided to rescind its executive order to separate migrant families at the border, deciding to keep families together in custody. Sister Nora Nash, who oversees retirement funds for the Sisters of St. Francis of Philadelphia, told Barron’s that she is working with JPMorgan Chase (JPM) and Wells Fargo (WFC), “financial institutions who support legislation on human rights, and asking them to do due diligence on financing prisons.” Earlier this week, Nash says, she had written half a dozen companies, including the two banks, “to ask their CEOs to address the issue at the border.” After Nash sent the letters, she says, the Business Roundtable—a group of CEOs of major corporations chaired by JPMorgan Chase CEO Jamie Dimon—issued a statement urging the administration “to end immediately the policy of separating accompanied minors from their parents.
The real estate investment trust, based in Boca Raton, Florida, said it had funds from operations of $69.8 million, or 57 cents per share, in the period. The average estimate of three analysts surveyed ...
This could indicate that investors who seek to profit from falling equity prices are not currently targeting GEO. Over the last one-month, outflows of investor capital in ETFs holding GEO totaled $1.84 billion.
Private prison stocks The GEO Group Inc (NYSE: GEO ) and Corecivic Inc (NYSE: CXW ) were two of the biggest market gainers following President Donald Trump’s election victory in November 2016. Yet government ...
The GEO Group Inc (NYSE:GEO) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017.
A little over two years ago, the very existence of Corecivic Inc (NYSE: CXW ) and The GEO Group Inc (NYSE: GEO ) appeared at risk . Now, under the friendlier Trump administration, the private prison operators ...
With an ROE of 14.59%, GEO Group Inc (NYSE:GEO) outpaced its own industry which delivered a less exciting 7.46% over the past year. On the surface, this looks fantastic sinceRead More...
The Boca Raton, Florida-based real estate investment trust said it had funds from operations of $82 million, or 67 cents per share, in the period. The average estimate of three analysts surveyed by Zacks ...
Border security policies prompted a 42-percent annual increase in Immigration and Customs Enforcement arrests over the first nine months of 2017, and Height Securities expects no slowdown. “The Trump administration's ...
This could indicate that investors who seek to profit from falling equity prices are not currently targeting GEO. Over the last one-month, outflows of investor capital in ETFs holding GEO totaled $647 million.