NYSE:CXW - Corecivic Stock Price, Forecast & News

Corecivic's stock was trading at $13.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CXW shares have decreased by 23.8% and is now trading at $10.08. View which stocks have been mosted 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) released its quarterly earnings results on Wednesday, February, 12th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.27. The real estate investment trust had revenue of $497.81 million for the quarter. Corecivic had a return on equity of 13.68% and a net margin of 9.54%. View Corecivic's earnings history.

Corecivic announced a quarterly dividend on Thursday, February 20th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.44 per share on Wednesday, April 15th. This represents a $1.76 annualized dividend and a dividend yield of 17.46%. The ex-dividend date of this dividend 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 Wall Street analysts have issued twelve-month price targets 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 twelve months. This suggests a possible upside of 98.4% from the stock's current price. View analysts' price targets for Corecivic.

Media headlines about CXW stock have been trending very negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to 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 gave media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating 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 trading volume of 1,160,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.8% of the company's shares are short sold. View Corecivic's Current Options Chain.

Some companies that are related to Corecivic include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Extra Space Storage (EXR), HCP (HCP), 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 General Electric (GE).

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

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 $10.08.

Corecivic has a market capitalization of $1.20 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]