GEO News and Press, Geo Group Inc REIT From 03/11/21

Stocks performed strongly in February with cyclicals and energy stocks rallying strongly. I am continuing my monthly investment plans while awaiting a market correction or possibly a real crash once market euphoria has come down. My dividend income amounted to $350, up 19% sequent...

Overshadowed by concerns about rising interest rates, a frenzy of real estate earnings reports over the last month have provided critical information on the state of the real estate industry. Roughly two-thirds of the 170 equity REITs in our coverage universe beat consensus FFO estima...

Like The Weakest Link, the stock market doesn’t care about your feelings. In the same way, it can either make you a lot of money or lose you a lot of money. We’re gearing up from our annual March Madness series in which we plan to highlight the “Sweet 16 REITs...

Shares of prison real estate investment trust (REIT) The GEO Group (NYSE: GEO) fell a painful 19.5% in February according to data from S&P Global Market Intelligence . The big drop, however, really took place after the company reported earnings in the middle of the month...

The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that its wholly-owned subsidiary, GEO Corrections Holdings, Inc. (“GEOCH”), has closed its previously announced private offering of $230,000,000 aggregate principal amo...

GEO's recent dividend cut is not nearly enough to deal with its large debt load. GEO has pronounced exposure to Federal Bureau of Prisons, which may lead to significant headwinds in the near term. Once GEO fully eliminates the dividend, I expect the yield-chasing crowd to disperse...

U.S. equity markets retreated from all-time-highs this week as interest rates and inflation expectations jumped to mid-pandemic highs amid a Southern 'Deep Freeze' and a slate of strong economic data. Declining on all four trading days this week, the S&P 500 retreated by 0.7% this...

The GEO Group (GEO) has priced private offering of $200M of 6.50% exchangeable senior unsecured notes due 23, 2026 by its wholly-owned subsidiary, GEO Corrections Holdings.Initial purchasers granted an additional $30M of the notes.Offering is expected to close on February 24.Net proceeds...

The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today the pricing of the offering by its wholly-owned subsidiary, GEO Corrections Holdings, Inc. (“GEOCH”) of $200,000,000 aggregate principal amount of 6.50% exchangeable se...

Gainers: Phoenix Tree Holdings (DNK) +15%. Altitude Acquisition (ALTUU) +15%. Heritage Global (HGBL) +15%. Huize Holding (HUIZ) +13%.Losers: Xiaobai Maimai (HX) -15%. Pintec Technology Holdings (PT) -14%. The GEO Group (GEO) -12%. Dunxin Financial Holdings (DXF) -12%. For further details se...