ICE Detention Centers Approved in California Farm Town [The New York Times]
Geo Group Inc (The) REIT (GEO)
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Source: The New York Times
U.S.|In Reversal, California Farm Town Approves ICE Detention Centershttps://nyti.ms/34ZV2KEmentContinue reading the main storyTwo privately run state prisons in the town of McFarland, many of whose residents are undocumented field workers, will be converted to hold immigrants.One of the two privately run state prisons in McFarland, Calif., that will become federal immigration detention centers.Credit...Jenna Schoenefeld for The New York TimesByMiriam JordanLeaders of a cash-strapped California farm town, home to many undocumented immigrants, have voted to convert two privately run state prisons into immigration detention centers, just two months afterpublic opposition appeared to have derailed the proposalAfter a three-hour virtual meeting over Zoom on Thursday night, the city council of McFarland voted 4-0 in favor of a plan by the GEO Group, which has been operating the prisons, to repurpose them to detain up to 1,400 immigrants. One council member recused himself due to a conflict
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GEO
News
- Geo Group (NYSE:GEO) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- The Bullish Case Building Around The GEO Group, Inc. (GEO) [Yahoo! Finance]Yahoo! Finance
- JonesResearch Targets $3B in Annualized Revenue for The GEO Group (GEO) by 2026, Driven by Contracts, Monitoring [Yahoo! Finance]Yahoo! Finance
- Will Increased Payment Flexibility Change GEO Group's (GEO) Capital Allocation Narrative? [Yahoo! Finance]Yahoo! Finance
- Allegations of sexually explicit messages add to complaints against ICE contractors [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
GEO
Earnings
- 11/6/25 - Beat
GEO
Sec Filings
- 11/18/25 - Form 8-K
- 11/6/25 - Form 10-Q
- 11/6/25 - Form 8-K
- GEO's page on the SEC website