NYSE:CXWCorecivic Stock Price, Forecast & News

Corecivic's stock was trading at $13.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CXW shares have decreased by 14.9% and is now trading at $11.26. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corecivic in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Corecivic.

Corecivic is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Corecivic.

Corecivic Inc (NYSE:CXW) posted its quarterly earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.27. The real estate investment trust earned $497.81 million during the quarter. Corecivic had a return on equity of 13.68% and a net margin of 9.54%. View Corecivic's earnings history.

Corecivic declared a quarterly dividend on Thursday, February 20th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.44 per share on Wednesday, April 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 15.63%. The ex-dividend date is Tuesday, March 31st. View Corecivic's dividend history.

Corecivic updated its first quarter earnings guidance on Wednesday, April, 1st. The company provided earnings per share guidance of $0.46-0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.52.

2 brokerages have issued 12 month price objectives for Corecivic's stock. Their forecasts range from $20.00 to $20.00. On average, they anticipate Corecivic's stock price to reach $20.00 in the next year. This suggests a possible upside of 77.6% from the stock's current price. View analysts' price targets for Corecivic.

Media coverage about CXW stock has trended very negative on Thursday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Corecivic earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutCorecivic.

Corecivic saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 3,270,000 shares, an increase of 8.3% from the February 13th total of 3,020,000 shares. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.8% of the shares of the company are sold short. View Corecivic's Current Options Chain.

Some companies that are related to Corecivic include American Tower (AMT), Public Storage (PSA), Welltower (WELL), HCP (HCP), Weyerhaeuser (WY), Extra Space Storage (EXR), Ventas (VTR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and Sabra Health Care REIT (SBRA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Corecivic investors own include The GEO Group (GEO), ANNALY CAP MGMT/SH (NLY), New Residential Investment (NRZ), AT&T (T), Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), AGNC Investment (AGNC), Altria Group (MO), Johnson & Johnson (JNJ) and Ares Capital (ARCC).

Corecivic trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXW."

Corecivic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Silverleafe Capital Partners LLC (0.03%). Company insiders that own Corecivic stock include Charles L Overby, Damon T Hininger, David Garfinkle, Harley G Lappin, Kim White and Thurgood Marshall Jr. View institutional ownership trends for Corecivic.

CXW stock was acquired by a variety of institutional investors in the last quarter, including Silverleafe Capital Partners LLC. View insider buying and selling activity for Corecivic.

Shares of CXW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CXW stock can currently be purchased for approximately $11.26.

Corecivic has a market capitalization of $1.34 billion and generates $1.98 billion in revenue each year. The real estate investment trust earns $188.89 million in net income (profit) each year or $2.62 on an earnings per share basis. Corecivic employs 14,075 workers across the globe. View additional information about Corecivic.

The official website for Corecivic is http://www.corecivic.com/.

Corecivic's mailing address is 5501 VIRGINIA WAY, BRENTWOOD TN, 37215. The real estate investment trust can be reached via phone at 615-263-3000 or via email at [email protected]