21.79 +0.06 (0.28%)
Pre-Market: 7:20AM EDT
|Bid||21.79 x 800|
|Ask||22.10 x 800|
|Day's Range||21.58 - 22.22|
|52 Week Range||18.18 - 28.06|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||17.38|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||1.92 (8.73%)|
|1y Target Est||24.00|
If you own shares in The GEO Group, Inc. (NYSE:GEO) then it's worth thinking about how it contributes to the...
Shares of the company fell after two U.S. Senators announced separate plans that would reduce federal spending on private prison companies.
(down 7.2%), suffered their fates at the hands of political rhetoric as U.S. senator and 2020 presidential candidate Elizabeth Warren put forth her plan to "ban private prisons." This is not the first time a politician has made such a pledge, and in turn sent associated private correction stocks lower. Indeed, it was less than three years ago under then-President Barack Obama that the Department of Justice announced its Bureau of Prisons would stop using privately run correctional facilities.
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U.S. Democratic presidential candidate Elizabeth Warren on Friday called for the elimination of privately run prisons and detention centers at the federal and state level, arguing they too often place profits above safety. The U.S. senator from Massachusetts also pledged to ban private contractors from charging inmates for routine services such as phone calls, bank transfers and healthcare, and to crack down on the practice of marking up prices for commissary items. The multibillion-dollar private prison industry has been the government's answer to overcrowding and swelling budgets, but critics say the operators sacrifice safety for profits and benefit from a criminal justice system that treats minorities unfairly.
(Bloomberg) -- Shares of private prisons GEO Group Inc. and CoreCivic Inc. took a hit Friday morning after presidential candidate Senator Elizabeth Warren tweeted about about her plan to terminate them.GEO slid as much as 5.8%, its biggest intraday loss since March, and CoreCivic retreated as much as 6%, the largest intraday decline this year.Warren, a Massachusetts Democrat, said in a tweet that “private prison companies have spent millions to turn our criminal and immigration policies into ones that prioritize making them rich instead of keeping us safe —with terrible consequences. Today I’m announcing my plan to end this private profiteering off of cruelty.”The plan calls for banning private prisons and detention facilities, stopping contractors from charging service fees for essential services, and expanding oversight. But with Republicans controlling the Senate, Warren will likely hit a wall with her proposal without some GOP support.Private prisons have been targeted by Warren in the past, when the senator said she was looking into the system’s approval process, saying the group accrediting operators appears to be a “conflicted party” that doesn’t hold facilities accountable.\--With assistance from Felice Maranz.To contact the reporter on this story: Carolina Wilson in New York City at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Jennifer Bissell-Linsk, Catherine LarkinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
REITs are in limelight as these are often treated as bond substitutes for high-dividend paying nature. Also, in case of a rate cut, dependence of REITs on debt for business keeps investors optimistic.
Zacks.com featured highlights include: Molina Healthcare, AngloGold Ashanti, Tetra Tech, Wesco Aircraft and The GEO Group
Geo Group (GEO) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The GEO Group announced today the closing of an extension and amendment to its Senior Revolving Credit Facility . The maturity for the amended Revolver has been extended to May 17, 2024.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and optimism towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the first quarter and hedging or reducing many of their […]
Geo Group Inc NYSE:GEOView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for GEO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GEO. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $80 million over the last one-month into ETFs that hold GEO are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Zacks Analyst Blog Highlights: The GEO Group, Arbor Realty Trust, Clipper Realty, Host Hotels & Resorts and Outfront Media
The Geo Group, Vista Outdoor, CVS and Walgreens Boots Alliance highlighted as Zacks Bull and Bear of the Day