GEO - Watch for Continued Losses in Shares of Geo Group Inc (The) REIT (GEO)
Shares of Geo Group Inc (The) REIT (NYSE:GEO) traded at a new 52-week low today of $4.96. So far today approximately 2.5 million shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.
The GEO Group Inc. is a real estate investment trust specializing in detention facilities and community-reentry centers. The company leases and oversees secure detention centers, rehabilitation and reentry facilities, and service centers for troubled youth. The GEO Group also provides counseling, education, drug abuse treatment, technology-based supervision programs, and detainee transportation. The majority of revenue comes from leasing and managing U.S. corrections and detention facilities. The GEO Group also operates in Australia, South Africa, and the United Kingdom.
In the past 52 weeks, Geo Group Inc (The) REIT share prices are bracketed by a current low of $4.96 and a high of $14.81 and is now at $5.32.
Geo Group Inc (The) REIT (NYSE:GEO) is currently priced 21.4% above its average consensus analyst price target of $4.18.
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