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The small-cap REIT market is one of the only segments that still remains near its 52-week low. While many investors are attracted to its double-digit dividend yields, declining long-term profitability may mean those dividends are reduced over the coming months. The fact is that RE...
A total of 1,466 U.S. firms declared dividends in January 2021, a decline of 2,091 from the 3,557 recorded in December 2020. Zero U.S. firms announced they would pay a special (or extra) dividend to their shareholders in January 2021. 174 U.S. firms announced they would boost cash...
Among the flurry of executive orders President Joe Biden issued in the first days of his presidency was one directing the Justice Department to not renew its contracts with private prison operators. That could severely affect CoreCivic (NYSE: CXW) and GEO Group (NYSE: GEO) ,...
U.S. equity markets posted their worst week since October amid an ongoing "short squeeze saga" that raised questions regarding market stability, overshadowing a strong week of earnings reports and economic data. Impacted by the fallout from the ongoing battle between institutiona...
The breathtaking surge in GameStop - along with a swelling number of heavily-shorted stocks - has sent shockwaves through financial markets amid an ongoing battle between institutional and self-directed investors. Initially set into motion by a sharp vaccine-driven rally from many "CO...
Shares of prison operators CoreCivic (NYSE: CXW) and The GEO Group (NYSE: GEO) rose 11% and 12%, respectively, in early trading on Jan. 27. That said, both stocks are off dramatically over the past year. There's a connection here. Both CoreCivic and The GEO Group do some...
Gainers: Oxbridge Re Holdings (OXBR) +29%. Carver Bancorp (CARV) +22%. CorEnergy Infrastructure Trust (CORR) +20%. World Acceptance (WRLD) +18%. The GEO Group (GEO) +13%.Losers: Q&K International Group (QK) -11%. Churchill Capital (CCIV) -10%. MBIA (MBI) -10%. Jaws Acquisition (JWS) -9%. ...
Shares of GEO Group (NYSE: GEO) , a real estate investment trust ( REIT ) that develops and operates private correctional facilities for government clients, sank Tuesday on news that President Joe Biden plans to scale back the federal government's use of private prisons. GEO...
GEO Group (GEO) slumps 15% and CoreCivic (CXW) drops 9.3% after reports that President Biden plans to take executive action to scale back the federal government's use of private prisons.Under the new policies, the Justice Department will be directed not to renew contracts with ...
Real estate earnings season kicks off this week with more than 175 equity REITs, 40 equity REITs, and dozens of housing industry companies reporting earnings over the next five weeks. While missed rents and dividend cuts were the prevailing themes in the REIT sector in mid-2020, the v...
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The GEO Group (NYSE: GEO) (“GEO” or the “Company”) announced today that it has extended its offers to exchange (the “Exchange Offer”) (i) up to $650.0 million aggregate principal amount of registered 8.625% Senior Secured Notes due 2029 (the “Sec...
Earnings Release Scheduled for Wednesday, August 7, 2024 Before the Market Opens Conference Call Scheduled for Wednesday, August 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its second quarter 2024 financial results on Wednesday, A...
2024-07-01 21:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...