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Tag: The GEO Group

  • Why The GEO Group Inc. (GEO) stock went up in the after-market on Thursday?

    Why The GEO Group Inc. (GEO) stock went up in the after-market on Thursday?

    The GEO Group Inc. (GEO) shares jumped 14.58% in after-hours on Thursday, June 17, 2021, to close at $8.25 per share. Earlier, GEO’s stock lost 1.37% in Thursday’s morning session and reached $7.20 per share. GEO shares have fallen 40.84% over the last 12 months, and they have moved up 2.13% in the past week. Over the past three months, the stock has lost 9.66%, while over the past six months, it has shed 24.84%.

    Recent new appointments

    On June 1, 2021, GEO’s Chairman, Chief Executive Officer, and Founder, George C. Zoley, will move to the position of Executive Chairman of GEO’s Board of Directors under a new five-year employment agreement with subsequent automatic one-year renewals. The company also appointed Jose Gordo Chief Executive Officer effective July 1, 2021, and he will be reporting to MrZoley.

    Latest financial results

    On May 10, 2021, The GEO Group Inc announced its financial results for the first quarter of 2021 and updated its financial guidance for the full year 2021.

    Q1 2021 financial highlights

    • The GEO Stock reported total revenue of $576.4 million for Q1 2021 compared to $605.0 million for the first quarter of 2020.
    • For first-quarter 2021 net income attributable to GEO was $50.5 million, or $0.41 per diluted share, compared to $25.2 million, or $0.21 per diluted share, for the first quarter of 2020.
    • In Q1 2021, adjusted net income was $0.28 per diluted share compared to $0.24 per diluted share in Q1 2020.
    • Net Operating Income of $152.3 million in Q1 2021 compared to $150.18 million in Q1 2020.
    • For Q1 2021, Normalized Funds From Operations was$53.1 million, or $0.44 per diluted share, compared to $47.2 million, or $0.39 per diluted share, for the first quarter of 2020.
    • Adjusted Funds from Operations was $72.2 million, or $0.60 per diluted share in Q1 2021, compared to $66.6 million, or $0.55 per diluted share, for the first quarter of 2020.
    • As of March 31, 2021, the company had cash and cash equivalents of $289.4 million.

    2021 Financial outlook

    The company has updated its financial outlook for FY 2021 and now expecting

    • Revenue to be between $2.23-$2.25 billion for FY 2021
    • Net Income Attributable to GEO Stock in the range of $141-$150 million
    • Adjusted EBITDA in the range of $395-$406 million for FY 2021.
    • AFFO in the of $2.23-$2.31 per diluted share for FY 2021

    Conclusion

    The GEO stock surging in the after-hours on Thursday has no grounds. As of this writing, there is no recent news or development about GEO stock. So it is hard to predict how GEO will end the current week.

  • Healthcare REITs top trading stocks

    Healthcare REITs top trading stocks

    Healthcare REITs are companies that own, operate, or finance healthcare-related property such as hospitals, senior living facilities, nursing homes and medical office buildings. Healthcare REITs, like other REITs, pool funds from several investors and distribute dividends.

    The medical-office sector has proven robust despite the global pandemic since healthcare is considered an essential service. Medical-offices also benefited somewhat from the suspension of unnecessary procedures in many U.S. hospitals.

    The top-trading healthcare REIT stocks were:

    CareTrust REIT Inc. (NASDAQ:CTRE) shares were trading up 3.61% at $22.95 at the time of writing on Tuesday. On December 1, 2020, the company revealed that it has extended a $15 million secured mezzanine loan to Next Healthcare, Inc. in connection with Next’s acquisition of a nine-property skilled nursing portfolio in Virginia.

    CareTrust REIT Inc. (NASDAQ:CTRE) share price went from a low point around $7.16 to briefly over $23.64 in past 52 weeks, though shares have since pulled back to $22.95. CTRE market cap has remained high, hitting $2.09B at the time of writing, giving it price-to-sales ratio of more than 10.

    If we look at the recent analyst rating CTRE, KeyBanc Capital Markets upgraded coverage on CTRE shares with an Overweight rating and a $21.50 price target, which implies room for -1.45% downside momentum this year.

    Diversified Healthcare Trust (DHC) last closed at $4.32, in a 52-week range of $2.00 to $8.93. The company on November 19, 2020 reported that U.S. News and World Report, the global authority in health care rankings, has recognized 30 communities within DHC’s Senior Housing Operating Portfolio (SHOP) segment in its annual list of “Best Nursing Homes”. Analysts have a consensus price target of $3.60.

    Physicians Realty Trust (DOC) stock soar by 2.07% to $18.25. The most recent rating by KeyBanc Capital Markets, on December 14, 2020, is at a Sector weight.

    The GEO Group Inc. (NYSE:GEO) Shares headed falling, lower as much as -0.83%. The firm declared on November 23, 2020, decision by federal bureau of prisons to not rebid its contract for rivers correctional facility. The most recent rating by Noble Capital Markets, on June 29, 2020, is at an Outperform.

    Healthcare Realty Trust Incorporated (NYSE:HR) rose 2.56% after gaining more than $0.75 on Tuesday. On November 25, 2020, the company revealed the release of its second annual Corporate Responsibility Report covering Environmental, Social, and Governance (ESG) initiatives and accomplishments.

    Healthcare Trust of America Inc. (HTA) last closed at $26.72, in a 52-week range of $20.61 to $34.22. The firm on December 4, 2020 declared that its Board of Directors issued a quarterly dividend of $0.320 per share of common stock. T Analysts have a consensus price target of $29.38.

    Medical Properties Trust Inc. (MPW) stock soar by 2.64% to $21.35. On November 20, 2020, the company declared pricing of $1,300,000,000 3.500% Senior Notes Due 2031. The most recent rating by Deutsche Bank, on December 15, 2020, is at a Buy.

    Omega Healthcare Investors Inc. (NYSE:OHI) Shares headed rising, higher as much as 3.39%. The most recent rating by Wells Fargo, on December 10, 2020, is at an Overweight.

    Healthpeak Properties Inc. (NYSE:PEAK) rose 3.70% after gaining more than $1.07 on Tuesday.

    Sabra Health Care REIT Inc. (SBRA) last closed at $17.87, in a 52-week range of $5.55 to $22.55. Sabra Health Care REIT, Inc. (SBRA) on December 8, 2020 revealed the appointment of Clifton J. Porter II to its Board of Directors. Analysts have a consensus price target of $16.61.

    Ventas Inc. (VTR) stock soar by 4.41% to $49.95. The company recently reported that its Board of Directors has declared a quarterly dividend of $0.45 per common share. The most recent rating by BofA Securities, on November 30, 2020, is at a Buy.

    Welltower Inc. (NYSE:WELL) Shares headed rising, higher as much as 4.16% after issuing business update. The most recent rating by KeyBanc Capital Markets, on December 14, 2020, is at an Overweight.