This company also could provide investors with a steady income stream and is structured as an REIT. Geo Group Inc. (NYSE: GEO) provides government-outsourced services specializing in the management of correctional, detention, and reentry facilities, and the provision of community based services and youth services in the United States, Australia, South Africa, the United Kingdom, and Canada. It operates through four segments: U.S. Corrections & Detention, GEO Community Services, International Services, and Facility Construction & Design.
The company also provides monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; and services to immigration and customs enforcement for the provision of services to improve the participation of non-detained aliens in the immigration court system. In addition, it offers transportation services for offender and detainee populations; and prisoner escort and custody services.
Shareholders receive a large 7.8% distribution. The consensus price target is $37.50, and the shares closed Tuesday at $33.35.
This REIT still looks to have solid upside potential. Iron Mountain Inc. (NYSE: IRM) provides storage and information management services in North America, Europe, Latin America and the Asia-Pacific. It operates through North American Records and Information Management Business, North American Data Management Business, Western European Business, and Other International Business segments.
The company provides storage and information management services for physical records and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays and blueprints, including health care information services, vital records services and service and courier operations, as well as the collection, handling, disposal of sensitive documents for corporate customers.
The company also offers information destruction services primarily consisting of physical secure shredding operations; document management solutions to develop, implement and support storage and information management solutions for the complete lifecycle of its customers’ information; fulfillment services; technology escrow services that protect and manage source code; and professional consulting services, as well as sells resultant waste paper to third-party recyclers.
Iron Mountain investors receive a 5.07% distribution. The $39 consensus price target is just above the most recent close of $38.23 a share.
While these are all better suited for income accounts with a more aggressive bent, they certainly are well liked on Wall Street, with all having Buy ratings from different firms. Investors may want to consider small positions now and see if a summer sell-off isn’t in the cards.
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