NEW YORK (TheStreet) -- Shares of GEO (GEO - Get Report) closed up 5.13% to $23.17 on Friday after a criminal justice reform bill that would have cut federal mandatory minimum sentences appears unlikely to pass in the U.S. Senate, the New York Times reports.

Senator Richard Durbin (D-IL) said he believed the bill was over. "We missed an opportunity," he noted, the Times says.

Republicans were divided over the legislation after a crime surge in urban areas fueled opponents' arguments.

GEO is a Boca Raton, FL-based real estate investment trust company that operates private correctional facilities.

Last month, the Justice Department announced that it would begin phasing out contracts with private prison operators like GEO and Corrections Corp. (CXW).

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and poor profit margins.

You can view the full analysis from the report here: GEO