CoreCivic (NYSE:CXW) shares hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $18.88 and last traded at $18.80, with a volume of 371328 shares. The stock had previously closed at $19.52.
A number of analysts recently commented on CXW shares. Zacks Investment Research raised CoreCivic from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Monday, December 4th. ValuEngine lowered CoreCivic from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Deutsche Bank dropped their price target on CoreCivic from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. CoreCivic presently has a consensus rating of “Hold” and a consensus target price of $32.75.
The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $2,307.35, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92.
CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.15). CoreCivic had a net margin of 10.08% and a return on equity of 12.61%. The firm had revenue of $440.58 million for the quarter, compared to analysts’ expectations of $429.88 million. analysts anticipate that CoreCivic will post 2.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, March 29th. This is an increase from CoreCivic’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 9.05%. CoreCivic’s dividend payout ratio (DPR) is presently 72.41%.
In related news, Director Mark A. Emkes purchased 5,000 shares of CoreCivic stock in a transaction dated Friday, March 2nd. The stock was purchased at an average cost of $21.17 per share, for a total transaction of $105,850.00. Following the completion of the acquisition, the director now directly owns 56,488 shares of the company’s stock, valued at $1,195,850.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of CXW. BlackRock Inc. increased its holdings in CoreCivic by 0.9% in the 4th quarter. BlackRock Inc. now owns 10,766,519 shares of the real estate investment trust’s stock worth $242,247,000 after buying an additional 95,372 shares in the last quarter. Renaissance Technologies LLC increased its holdings in CoreCivic by 23.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,763,703 shares of the real estate investment trust’s stock worth $39,683,000 after buying an additional 337,600 shares in the last quarter. Geode Capital Management LLC increased its holdings in CoreCivic by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 1,755,764 shares of the real estate investment trust’s stock worth $39,504,000 after buying an additional 76,114 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in CoreCivic by 13.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,451,950 shares of the real estate investment trust’s stock worth $32,669,000 after buying an additional 176,175 shares in the last quarter. Finally, Lee Danner & Bass Inc. increased its holdings in CoreCivic by 7.1% in the 4th quarter. Lee Danner & Bass Inc. now owns 1,303,017 shares of the real estate investment trust’s stock worth $29,318,000 after buying an additional 86,301 shares in the last quarter. Hedge funds and other institutional investors own 79.84% of the company’s stock.
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CoreCivic Company Profile
The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, government real estate solutions, and a growing network of residential reentry centers to help address America's recidivism crisis.
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