Prison operator GEO Group leads stocks in first 100 days of Trump administration

Donald Trump on Super Tuesday. (Allen Eyestone/The Palm Beach Post)

Reviews of President Donald Trump’s first 100 days in office have been decidedly mixed. But there’s no debating this fact: Shares of Boca Raton-based GEO Group have been on a tear since Jan. 20.

Investors expect the private prison operator, which runs detention centers for U.S. Immigration and Customs Enforcement, will house more inmates in a Trump administration. Shares of GEO closed Jan. 19 (the day before the inauguration) at $29.05. Monday, they closed at $39.20, up 26 percent.

Plus, the real estate investment trust pays a healthy dividend of more than 5 percent. After a 3-for-2 split, GEO Group trade in the $33 range on Tuesday.

Socially responsible investors might recoil at such a play: The company has been cited time and again by federal and state regulators for horrid conditions at its facilities.

 

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